JP Morgan Asset Management has a new US head of global tactical asset allocation for its multi-asset solutions business.
The firm has brought in Gary Herbery as a managing partner from Brandywine Global, where he was global head of credit and multisector strategies.
Jed Laskowitz, global head of asset management solutions at the firm, said, “Given the complexity of today’s late cycle markets and increased client interest in tactical asset allocation, now is the right time to add Gary’s deep knowledge and credit expertise to our team, to help clients build stronger portfolios.
“Our GTAA business is a flagship part of our multi-asset solutions business, and serves as the centerpiece of several strategic relationships across our institutional and sub-advisory client base.”
Herbert brings more than 25 years of research and investment experience spanning asset classes and geographies to the team.
During his ten years at Brandywine he helped build and implement proprietary research processes to improve macroeconomic, fundamental and quantitative research and decision-making.
His industry experience also includes portfolio management roles at Guggenheim Partners, Dreman Value Management and Morgan Stanley Investment Management.
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