JP Morgan launches global special situations strategy

Brad Demong and Leander Christofides have rejoined the firm to lead the investment strategy from offices in New York and London.

JP Morgan’s alternatives investment team has launched a special situations strategy targeting global investments.

The investment team has appointed Brad Demong and Leander Christofides to lead the operation from New York and London respectively. Both will serve as co-chief investment officers at their respective locations.

Anton Pil, managing partner of JP Morgan Global Alternatives, said: “This moves represents an immediate, significant expansion of our existing private credit offering in our alternatives business.

“As we continue to focus on the growth of our alternatives platform, we are committed to providing a broad range of differentiated solutions for our clients globally,” he added.

Both Demong and Christofides departed from the firm last year, when it was understood they were exploring other opportunities, but opted to rejoin the firm and will now report to both Pil and Chris Hayward, a co-manager of the global alternatives team.

Demong has spent 17 years at JP Morgan and Christofides 19 years. Both recently served in the corporate and investment banking team as part of the firm’s EMEA leveraged and distressed strategy and headed up the structured finance team.

JP Morgan Global Alternatives invests across a range of asset classes, including private equity, real estate, infrastructure and private credit. The firm had $120 billion of assets under management as of 31 December.

JP Morgan declined to comment further on the details of the strategy.