JPMorgan Enters Shipping Fund Arena as the 500-Pound Gorilla

The formal announcement this week of the Andy Dacy led JPMorgan shipping fund provides a fine opportunity to survey the field. But it must be said at the outset that JPM’s entrance is important for its size, ambition, confirmation of the concept and for the industry whose mantra is Marine Money Week’s title: Liquidity, Liquidity, Liquidity.

It is also probably a challenging development for those funds not yet up and running, as JPMorgan is a powerful brand, US banking woes not withstanding.

It was interesting that Reuters in writing about the effort described JP Morgan Asset Management executive Joe Azelby, who made the formal announcement of the Fund, as a former US Football player rather than a Harvard grad. No doubt, success in investing does come down to blocking and tackling well, in other words, paying strict attention to detail.