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JPMorgan Alternative Strategies Fund - Select (JARSX)

JPMorgan Alternative Strategies Fund - Select (JARSX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Bala Iyer
Bala Iyer| Managing Director Biography

Bala S. Iyer, Ph.D, CFA, managing director, is the CIO of the Columbus Investment Team that primarily manages asset allocation products. He has been in the investment business since 1987. An employee since 1995, Bala joined the firm as a research director. Currently, he oversees the portfolio management functions within the team. Bala is the lead portfolio manager for the JPMorgan Investor Funds that track various asset allocation models. In addition, his team manages the Alternative Strategies Fund and mid-institutional asset allocation portfolios. He also oversees the management of a few equity strategies such as pure index and large cap enhanced index portfolios. Previously, he served as portfolio manager and analyst at Zaske, Sarafa & Associates and prior to that, as an equity analyst at NBD Bank. Dr. Iyer was also an assistant professor of finance and economics at Albion College in Michigan. Bala obtained a B.S. in commerce at Podar College in India and an M.B.A. in finance and accounting from the Indian Institute of Management. Bala also earned a Ph.D. in money and financial markets from Columbia University. He is a CFA charterholder and member of The CFA Institute, the CFA Society of Columbus, and Chicago Quantitative Alliance.

Education
  • B.S., Commerce, Podar College, India
  • M.B.A., Finance and Accounting, Indian Institute of Management
  • Ph.D., Money and Financial Markets, Columbia University
Experience
  • Industry Experience, 27 Years
  • Firm Experience, 19 Years
  • Fund Experience, 4 Years
Other funds managed by Bala Iyer:
 
Michael Loeffler| Vice President Biography

Michael Loeffler, CFA, vice president, is a member of the Columbus Investment Team. His responsibilities include implementation of the allocation strategy for the Investor Funds and the Alternative Strategies Fund. Michael is also responsible for producing research and reports to support the asset allocation investment process. He is a part of the manager due diligence reviews for the fund selection process. Michael also manages a merger arbitrage strategy that is a part of the Alternative Strategies Fund. Additionally, he serves as portfolio manager of the U.S. Equity Index strategy and assists in the management of the team’s enhanced index strategies. Prior to his employment with the firm, he was a mutual fund accountant at Bisys Fund Services. In 1999, Michael joined the firm as an investment operations analyst where he processed One Group mutual fund trades for trust accounts. In 2000 he joined the current investment team. Michael obtained a B.S. in finance from Ohio University and is a CFA charterholder and a member of the CFA Society of Columbus.

Education
  • B.S., Finance, Ohio University
Experience
  • Industry Experience, 17 Years
  • Firm Experience, 15 Years
  • Fund Experience, 4 Years
Other funds managed by Michael Loeffler:
 
Luying Wei| Executive Director Biography

Luying Wei, Ph.D., CFA, executive director, a member of the Columbus Investment Team.  Luying conducts strategic and tactical quantitative research on asset allocation products and equity processes, and is responsible for production reports in the areas of risk management and quantitative process.  She also conducts research on specialty assets and is part of the manager due diligence team.  Prior to joining the group in 2003, she was a consumer modeling analyst for the firm. During her tenure as a PhD candidate at The Ohio State University, Luying held a variety of research assistant positions in the Sociology Department, the School of Public Policy and Management and the Center for Human Resources Research. Additionally, Luying was a data analyst for the National Education Computing Center, State Educational Department in Beijing, China. After obtaining a B.S. in physics from Nanjing University, Luying earned an M.A. in sociology from Peking University in Beijing, China, as well as a Ph.D. in sociology from Ohio State University. She is a CFA charter holder and member of The CFA Institute, and the CFA Society of Columbus.

Experience
  • Industry Experience, 16 Years
  • Firm Experience, 11 Years
  • Fund Experience, 1 Year
 
Ove Fladberg| Executive Director Biography

Ove Fladberg, executive director, is a research analyst and portfolio manager on the Columbus Investment Team. An employee since 2003, Ove is a member of the Asset Allocation Committee and works on asset allocation optimization, portfolio analytics, asset allocation research and manager due diligence for the Investor Funds and the Alternative Strategies Fund. Ove also interfaces with clients on portfolio positioning, performance and attribution. Ove has previously held various positions within the firm including senior portfolio analyst for the Investment Strategies Team, vice president and sales wholesaler, and vice president of Personal Financial Services at JPMorgan Chase Bank. Prior to joining the firm, he was an investment specialist at Charles Schwab & Co. and an investment representative at Edward Jones. Ove obtained a Masters of Business and Economics from BI Norwegian School of Management and holds NASD Series 7 and 63 licenses.

Experience
  • Industry Experience, 15 Years
  • Firm Experience, 11 Years
  • Fund Experience, 4 Years
Other funds managed by Ove Fladberg:
 
Nicholas D'Eramo| Vice President Biography

Nicholas W. D'Eramo, vice president, is a member of the Columbus Investment Team. Nick is a portfolio manager for the JPMorgan Alternative Strategies Fund, manages the mid-institutional asset allocation portfolios, and assists with the management of the JPM Investor Funds.  His responsibilities include portfolio implementation and special research projects across the multi-asset space. Other responsibilities include being the lead analyst for International research, as well as, monitoring and communicating domestic and international monthly economic data and trends.  An employee since 1999, Nicholas has held various positions within the firm including portfolio manager for the JPM International Equity Index Fund, equity trader for Bank One Investment Advisors, and a senior employee benefits reporting analyst in the Banc One Investment Management Group.  Prior to joining the firm, he was a senior mutual fund accountant at BISYS Mutual Fund Services. He holds a B.A. in finance from the University of Toledo, and a Masters in financial economics from Ohio University.

Education
  • B.A., Finance, University of Toledo
Experience
  • Industry Experience, 17 Years
  • Firm Experience, 14 Years
  • Fund Experience, 2 Years
Other funds managed by Nicholas D'Eramo:

Unlike conventional bonds, the principal or interest of inflation-protected securities is adjusted periodically to a specified rate of inflation. There can be no assurance that the inflation index used will accurately measure the actual rate of inflation. These securities may lose value in the event that the actual rate of inflation is different than the rate of the inflation index.

The Fund's investment in income securities is subject to interest rate risks. Bond prices generally fall when interest rates rise. The Fund will have a significant portion of its assets concentrated in commodity-linked securities. Developments affecting commodities will have a disproportionate impact on the Fund. The Fund's investment in commodity-linked derivative instruments may subject the Fund to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the Fund's net asset value), and there can be no assurance that the Fund's use of leverage will be successful.

Real estate investing may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate investing may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrower.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. As mentioned above, the normal risks of investing in foreign countries are heightened when investing in emerging markets. In addition, the small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Also, emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions and could result in losses that significantly exceed the Fund's original investment. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.