Product Highlight: Online Portfolio Analytics Lab (OPAL)

An interactive, Web-based investment toolset that helps clients compare and rank investment managers, budget risk across their portfolios, and optimize asset allocation and manager selection

Manager Analysis

J.P. Morgan offers one of the largest investment manager databases in the industry for separately managed accounts, mutual funds, and alternative investments. We have enhanced our database with the following proprietary tools:

Factor Attribution: Breaks down the sources of an investment manager's return into various risk factors to determine a manager's true alpha or value add. These models provide investors with a clear picture of a manager's risk exposures and return components, as well as the most appropriate benchmark for performance evaluation.

Peer Grouping: Measures how an investment manager stacks up versus a peer group of competing managers across multiple time periods. Clients receive a graphical depiction through box charts, scatter plots and top ten lists.

Report Card Rankings: Ranks all of the investment managers within a peer group according to various risk/return statistics to help determine the best performers over a given period of time.

Consistency Analysis: Measures various risk/ return statistics to help investors identify managers who consistently generate alpha over extended periods of time. Clients can use J.P. Morgan's proprietary scoring algorith

Hedge Fund Analysis

Factor Attribution: Offers greater transparency into hedge fund managers by providing a breakdown of asset class risk exposures and the return attributable to these factors. We utilize multiple variables that help measure risk exposure and excess returns resulting from changes in investment strategies.

Peer Grouping: Enables investors to assess how their hedge fund managers rank against factor-peer groups of competing managers in a particular investment strategy across multiple time periods.

Fund of Funds Simulator: Enables institutional investors to build simulations of fund of funds. Clients can select and weight hedge funds across 34 strategies and combine them into a portfolio to see the resulting performance and risk.

Dynamic Online Simulations

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Portfolio Construction

Enables clients to experiment with various portfolio scenarios — different asset allocations and different asset manager selections to see which ones are projected to generate the optimal risk-adjusted returns (e.g., maximum return for a given level of risk, etc.).

Marginal Risk Analysis

Enables clients to quantify, allocate and monitor the total, marginal and active risk exposures of their investments on both the plan and asset manager level based on their answer to the simple question, "Do you want more risk than the market or less?"

This brochure contains a summary of the subject matter (and is subject to change without notice) and is provided solely for general information purposes. J.P. Morgan does not make any representation or warranty, whether expressed or implied, in relation to the completeness, accuracy, currency or reliability of the information contained in this brochure nor as to the legal, regulatory, financial or tax implications of the matters referred herein. This brochure does not constitute a solicitation in any jurisdiction in which such a solicitation is unlawful or to any person to whom it is unlawful. Issued and approved for distribution in the United Kingdom and the European Economic Area by J.P. Morgan Europe Limited. In the United Kingdom, JPMorgan Chase Bank, N.A., London branch and J.P. Morgan Europe Limited are authorized and regulated by the Financial Services Authority