"We have a vision to contribute to this important moment of change in investors' portfolio allocation," says Rodrigo Araujo, the firm's Brazilian director.

With the recent incorporation of ex-Credicorp Peru executive Christian Laub as partner, the Spanish-based firm plans to expand its operations in Latin America.

The fund – JPM US Select Equity – aims to achieve a return in excess of the US equity market by investing primarily in US companies that are selected by a research-driven investment process based on the fundamental ...

Picton has signed mandates with firms like KKR, TPG, Ares, American Securities, Hamilton Lane, EQT, Permira and Apollo, among others.

While exchange-traded instruments of this type suffered a drastic collapse in pricing, a proposed additional tax would severely damage future demand.