NEW YORK, April 17, 2012 - J.P. Morgan Worldwide Securities Services (WSS) today announced it has been selected by SKY Harbor Global Funds, a Luxembourg registered UCITS IV investment company, to provide global custody, transfer agency, fund administration and fund accounting for SKY Harbor's newly launched US High Yield and US Short Duration High Yield sub-funds.
SKY Harbor Capital Management, LLC, the investment advisor for the sub-funds, is a high yield fixed income specialist based in Greenwich, Connecticut. The sub funds will be registered in various European countries with a range of currency-hedged classes available for institutional investors.
"We are extremely pleased that J.P. Morgan will be the custodian and administrator of SKY Harbor Global Funds," said Thomas Kelleher, Director of SKY Harbor Global Funds. "SKY Harbor's 'client first' commitment means we provide efficiency and transparency for our clients, and we expect our service providers to do the same. We believe J.P. Morgan's sophisticated and integrated technology is the perfect platform to ensure world-class client service."
"We are delighted about the opportunity to support SKY Harbor, especially as they gain market share and build their brand around the world," said Robert Caporale, head of new business development - Americas, J.P. Morgan WSS. "Working with SKY Harbor allows us to leverage our global platform and deliver first class service to their investors, which is our top priority."
"As the industry leader for servicing cross-border UCITS funds in Europe. J.P. Morgan brings a wealth of experience, expertise and market intelligence in this space," said Christopher Edge, J.P. Morgan WSS head of Luxembourg.
About SKY Harbor Global Funds
SKY Harbor Global Funds is a Luxembourg-registered UCITS IV investment company focused exclusively on the high yield bond component of the Fixed Income market. The Fund offers two strategies-US High Yield and US Short Duration High Yield-and is registered in various European countries with a range of currency-hedged share classes. SKY Harbor Capital Management, LLC, an independent investment advisor registered with the US Securities and Exchange Commission and based in Greenwich, Connecticut, USA, is the investment manager for the Fund. Senior portfolio managers Hannah Strasser, Anne Yobage and Thomas Kelleher have worked together as a team for two decades managing high yield corporate debt through multiple market cycles. Their time-tested process is grounded in fundamental analysis, then refined by quantitative and technical assessment, to identify income potential and minimize risks associated with the asset class. For more information, go to www.skyharborglobalfunds.com.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A., WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $17.9 trillion in assets under custody and $7 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.