JP Morgan has handed Citywire AA-rated manager Sebastian Luparia a new role within its emerging markets team which sees him relinquish his Brazil equity funds.
The move means Luparia (pictured) steps down from the $247 million JPM Brazil Equity fund.
Bosch de Hood has 14 years of investment experience, having begun as an analyst before moving to a portfolio manager role in November 2012.
Citywire AA-rated manager Luis Carillo, who co-runs the JPM Brazil Equity fund, will focus on the JP Morgan Brazil Investment Trust. Bosch de Hood will serve as a co-manager on this fund.
Luparia, meanwhile, will move to a new role within the emerging markets team. This will see him become a co-manager on the JPM Total Emerging Markets Income fund.
In a statement, JP Morgan said: ‘Sebastian will be responsible for portfolio construction and risk management to ensure that the highest conviction views of both emerging markets debt and equity teams are reflected in the portfolio.’
The JPM Brazil Equity fund lost 12.6% over the three years to the end of January 2014. This compares with a fall of 28.44% by its Citywire benchmark, the BOVESPA (Ibovespa) CR, over the same period.