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Jupiter to launch European absolute return Sicav

Jupiter Asset Management is planning to launch a European absolute return fund for Ucits III fund for managers Cédric de Fonclare and Stephen Pearson.

The new portfolio, which will be a sub-fund of the Luxembourg-domiciled Jupiter Global fund, with a Ucits III structure, will come to the retail market in January.

The group says this is the first time that investors have been able to access Pearson and de Fonclare’s long/short expertise in a regulated fund format.

The managers’ investment process will use fundamental analysis and bottom-up stockpicking to select holdings from a universe of pan-European equities.

The portfolio will comprise between 50 and 80 long and short positions in individual companies in European markets. The fund will use limited leverage, have daily liquidity and make use of the wider investment powers allowed under Ucits III, including the use of exchange traded futures and options.

de Fonclare says: “Europe is an exciting place to invest with diverse local and regional trends and variations. It is also home to large number of multi-national and global corporations. We think this variety makes for an ideal universe in which to run a Fund that can take advantage of both success and failure at the company level.’’   


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