June 18, 2019 / 1:38 PM / 4 months ago

JPMorgan to convert Highbridge multi-strategy fund into a credit fund -spokesman

BOSTON, June 18 (Reuters) - JPMorgan Chase & Co will convert its $2 billion Highbridge multi-strategy fund into a credit focused fund to better meet client appetite, a company spokesman said on Tuesday.

One of the fund’s four lead portfolio managers, Arjun Menon, who had focused on Asian stocks, will be leaving the fund, the spokesman said.

Reporting by Svea Herbst-Bayliss; Editing by Steve Orlofsky

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