The WSJ Fund Track column
picks up on the growing popularity of mutual funds that take a page out of the hedge fund playbook. Much to the presumed delight of J.P. Morgan
The J.P. Morgan Research Market Neutral Fund
(JMNAX) has added more than $1 billion in AUM over the past 18 months. It started 2009 with just $15 million in assets and now has $1.1 billion, according to Morningstar data.
The column features a simple explanation of market-neutral strategies and long/short investing from portfolio manager Terance Chan. It adds that J.P. Morgan offers three market neutral funds, though the Market Neutral Fund is the only one discussed.
Chen also admits that the fund "hit a rough patch" in April and May.
Sean Hanna, Editor in Chief
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