JPMorgan Asset Management portfolio manager Richard Meth is to exit the firm, leaving the team that oversee the $12.7 billion JPMorgan Strategic Income Opportunities fund.
Meth will leave on June 29, according to Securities and Exchange Commission filing.
The Strategic Income Opportunities fund was the only strategy on which he was a named manager.
The fund will continue to be managed by Bill Eigen, Jarred Sherman, Jeffrey Wheeler and Charles McCarthy.
Meth was responsible for the fund’s allocation towards commercial real estate debt, like commercial loan originations.
Over the last three years the fund returned 8.6% compared to 4.2% for the average fund in the Liquid Alternatives – Bond Strategies category, ranking 18th out of 52.
Over this period it narrowly lags its benchmark, the Bloomberg Barclays US Universal, which is up 8.7%, according to data from Lipper.
Meth joined the firm in 2008 and became a member of the absolute return and opportunistic fixed income team in 2012, where he focused on securitized commercial real estate.
Prior to joining JPM he was vice president at Goldman Sachs Mortgage Capital, where he was in charge of the origination of commercial-backed security loans.
A JPM spokeswoman declined to comment.