NEW YORK, May 15, 2019 /PRNewswire/ -- J.P. Morgan
Asset Management today announced it has hired Jesse Fogarty as a managing director and senior
portfolio manager in the firm's U.S. long duration fixed income
investment team. Mr. Fogarty joined from Insight Investment where
he was a lead portfolio manager for U.S. focused credit mandates
including the firm's US long duration strategy, in addition to
other responsibilities over his 22 year career.
As part of J.P.Morgan's ongoing commitment to the
liability-driven investment (LDI) space, Jesse will work with
pension specialists and the strategy & analytics team to manage
credit portfolios designed for strong client outcomes. He
will report to Steven Lear, Chief
Investment Officer for J.P. Morgan's U.S. Fixed Income Macro
investment team. Jesse will work closely with Tony Candelmo, portfolio manager for long-credit
focused portfolios, as well as long duration portfolio managers
Betsy Borowiec and Justin Rucker.
"Jesse has deep knowledge of investing in bonds and derivatives
in hedging pension and insurance liabilities, earned through
decades of experience over multiple economic and credit cycles, and
we are very pleased to welcome him to our Global Fixed Income,
Currency and Commodities team," said Mr. Lear.
"It is an incredibly exciting time to be joining the team at
J.P. Morgan. With many plans at a crossroads in their
de-risking journey, the platform offers both a strong investment
process and pension solutions group to assist clients with the
complexities of managing their pension obligations," said Mr.
Fogarty.
Mr. Fogarty has managed a broad set of mandates ranging from
market-based benchmarks to customized liability-driven solutions.
His main area of focus has been the investment grade corporate
credit sector with expertise in credit analysis, portfolio
management and trading. Jesse joined Insight's Fixed Income Group
in January 2015, following BNY
Mellon's acquisition of Cutwater Asset Management where he worked
for 18 years. He holds a bachelor's degree in accounting from
Fordham University and an MBA from
Columbia University. Jesse is a CFA
charterholder and a Financial Risk Manager (FRM) – Certified by the
Global Association of Risk.
About J.P. Morgan Asset Management (JPMAM) – Pension
Solutions
As a pioneer in Asset-Liability management for Pensions, JPMAM
has been a leader in Liability-Driven Investment (LDI) since the
research, design and development of immunized portfolio strategies
in the 1980s. JPMAM Pension Solutions group has specialized
expertise in implementing best-in-class investment solutions across
all stages of the de-risking lifecycle. The team serves
pension plan sponsors, offering strategy, analytics and specialist
implementation disciplines to tailor solutions to each client's
specific liability profile in order to meet evolving growth,
diversification, liquidity and risk objectives.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.7 trillion (as of March 31, 2019), is a global leader in investment
management. J.P. Morgan Asset Management's clients include
institutions, retail investors and high net worth individuals in
every major market throughout the world. J.P. Morgan Asset
Management offers global investment management in equities, fixed
income, real estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P.
Morgan Asset Management, is a leading global asset management firm
with assets of approximately $2.6
trillion (as of March 31,
2019) and operations worldwide. Information about JPMorgan
Chase & Co. is available at www.jpmorganchase.com.
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SOURCE J.P. Morgan Asset Management