Jonathan Simon, portfolio manager of top-performing JPMorgan American (JAM), has announced plans to retire in early 2025, a blow to investors as his co-manager Timothy Parton hung up his boots only this month.
Felise Agranoff stepped up to take on the growth half of the mandate following Parton’s departure. JPMorgan will announce a value-style replacement for Simon in due course, according to a stock exchange notice.
Simon (pictured below) and Parton led the £1.8bn trust to index-smashing returns after it adopted a hybrid growth-and-value focus in 2019, replacing the behavioural finance focus under previous JPMorgan manager Garrett Fish, who stepped down following a persistent share price discount.