The JP Morgan Global Core Real Assets (JARA) trust is steadily reducing its listed real assets allocation, which includes real estate, infrastructure and transportation securities, to “recycle” these into private assets.
The trust, managed by JP Morgan's Alternative Solutions Group, which is led by Jamie Kramer, has reduced the listed real assets allocation within the portfolio by 5.5% between November last year and the end of August. A considerable part of this reduction has been recycled into investments in private real estate, with a focus on the logistics, industrial and single family housing sectors in the US. Kramer, who is also JARA's co-manager, said: "The US has a very strong dollar right now, and although we do believe that the chances of a recession in the US are greater, consumer, corpor...
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