JPMorgan Fleming to acquire Pacholder

New York, Feb. 8 - JPMorgan Fleming Asset Management said it has agreed to acquire Pacholder Associates, Inc.'s investment advisory and fund administration businesses.

In addition, Banc One Investment Advisors Corp. will acquire Pacholder's interest in Banc One High Yield Partners, LLC and Pacholder & Co., LLC.

Cincinnati-based Pacholder is led by William Morgan, a high-yield portfolio manager who co-founded the firm in 1983.

Following the acquisition, Morgan will report to Gary Madich, CFA, chief investment officer of JPMorgan Fleming Asset Management's Columbus, Ohio-based fixed-income group.

Pacholder has been a joint venture partner with Banc One Investment Advisors in Banc One High Yield Partners LLC for the 6½ years.

"This acquisition completes the process of integrating Pacholder's robust high yield capabilities into our extensive fixed income investment advisory offerings," said Madich in a statement. "Bill and his team will provide our clients with a full range of high yield and distressed debt investment advisory services at a time when they are looking for expanded yield opportunities."

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