HEAD-TO-HEAD: JP Morgan versus Jupiter

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Manager review

The JP Morgan Fund is managed by three co-managers: John Baker, who has been a manager of the fund since 2005, Jonathan Ingram (manager since 2007) and Anis Lahlou-Abid (manager since 2011), according to Kandlur.

Baker joined the firm in 1994, and Ingram and Lahlou-Abid in 2000.

“All three managers are all very experienced and have been working alongside each other for years,” she said.

The managers are supported by a wider 20-member “behavioural team” at JP Morgan AM. “The firm has put a lot of resources behind this behavioural finance dynamic team,” Kandlur said.

Turning to the Jupiter Fund, its lead manager is Alexander Darwall, who has been managing the fund since 2007. He joined the firm in 1995 and is also currently the head of strategy for European growth.

Although he is the only listed manager of the fund, Darwall is supported by two other equity managers who work as deputy co-managers, according to Kandlur. They are Luca Emo, who has 12 years of experience and Jordane Guillot, who has eight years of experience.

Kandlur believes that even if the Jupiter team is smaller, they have ample resources.

“They don’t have a shared analyst resource because they do the fundamental research themselves,” she explained.

She also believes that there is no key-man risk in case Darwall leaves the firm.

“I wouldn’t necessarily think I would sell the fund because its success is solely in his hands. He has had other managers working with him for a very long time.”

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