Multi-asset merry-go-round as Jupiter and Wells Fargo add to teams
Jupiter Asset Management has confirmed the appointment of Talib Sheikh as head of strategy, Multi-Asset. He joins the business in June and will report directly to chief investment officer, Stephen Pearson. Sheikh’s experience across multiple asset classes means he is ideally placed to lead Jupiter’s strategic plans to build out the multi-asset business by offering investment capabilities that are relevant to our retail, wealth and institutional client base globally.
Sheikh joins from JP Morgan Asset Management where as a managing director and portfolio manager he has worked nearly 20 years. He was instrumental in the formation and growth of the multi-asset solutions team since its inception in 2004. Talib has a strong performance track record over this time, managing a number of products including multi-asset income, target return and flexible balanced funds. Due to demand from clients across Europe and Asia, the strategies managed by Talib and the team have experienced significant AUM growth over the past five years. This includes the €24.5bn JP Morgan Global Income Fund and the 1yr, 3yr, 5yr top decile JP Morgan Macro Opportunities Fund plus diversified institutional accounts.
Wells Fargo Asset Management (WFAM) announced today that Peter Weidner will join the firm as head of Factor Solutions within the Multi-Asset Solutions team and Mark Brandreth will join as a senior portfolio manager within the Multi-Asset Solutions team. Both will be based in London, and both join the firm from the Schroders multi-asset team.
In their new roles, Weidner and Brandreth will focus on designing solutions with a specific emphasis on portfolio construction and the use of risk and alternative risk premia for clients who seek retirement income strategies, wealth preservation, and downside risk protection. Weidner and Brandreth will report to Dan Morris, global head of Portfolio Solutions.
“The addition of Peter and Mark to our team further enhances our ability to provide thought leadership and deliver high-quality solutions to our clients, with the goal of establishing the team as an innovator in the industry,” said Nico Marais, president of Wells Fargo Asset Management and head of Multi-Asset Solutions.
At Schroders, Weidner was head of the advanced beta group and managed a range of systematic investment strategies across asset classes. These factor-based strategies included both long and long/short and were designed to deliver a range of client outcomes. Before joining Schroders, he was a partner and portfolio manager responsible for managing systematic investment strategies at Auriel Capital. His experience in building and managing factor-based portfolios includes equities; fixed income; FX; and environmental, social, and governance (ESG). Weidner earned a master’s degree in finance from the University of Florida’s Warrington College of Business.