Liberbank to distribute new fund subordinated to JP Morgan AM' s strategy

Eugenia Jiménez
Liberbank to distribute new fund subordinated to JP Morgan AM' s strategy

Spanish bank Liberbank has launched a fund subordinated to another fund of JP Morgan Asset Management, thus strengthening the management agreement signed by the two entities in 2017. Liberbank Global Macro fund is subordinated to the JP Morgan AM Global Macro Fund through a master-feeder structure in which Liberbank's new fund invests at least 85% of its portfolio in the fund of the US manager. The new fund, in which investors can participate from €6 (class A) or €30,000 (class P) comes to...

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