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JPMorgan tells Sarasota pension board Strategic Property Fund showing recovery; sales, redemptions and redeployments under way
Summary
JPMorgan Asset Management reported gains and portfolio repositioning in its Strategic Property Fund, citing recent high-value dispositions including a $1.6 billion NorthPark Mall sale and noting a mix of redemptions and new capital calls that the firm said it is deploying into industrial and alternative sectors.
Representatives of JPMorgan Asset Management updated the Sarasota Police Officers Pension Board of Trustees on the performance and repositioning of the Strategic Property Fund, emphasizing recent dispositions, incoming capital, and a plan to redeploy proceeds into industrial and extended sectors.
Katie Hammond, a client adviser with JPMorgan Asset Management, and colleagues Caitlin Russell and Zainab Poni presented the fund’s recent results and strategy. JPMorgan said the Strategic Property Fund has delivered consecutive quarters of outperformance versus its benchmark and…
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