Thu, Aug 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Guy de Blonay appointed manager of the Jupiter Hyde Park Hedge Fund

Wednesday, May 05, 2010
Opalesque Industry Update - Jupiter is pleased to announce that Guy de Blonay will be appointed lead manager (1) of the Jupiter Hyde Park Hedge Fund with effect from 1 June 2010. Guy will take on the management of the Fund from Philip Gibbs, who will become deputy fund manager.

The Jupiter Hyde Park Hedge Fund has been managed by Philip since its inception in March 2000 and has produced excellent results for investors during this time. Since launch, the Fund has returned 379.6% in Dollar terms and has never produced a negative annual calendar year return in its 10 year history (2).

Philip’s success in managing both long only and long/short strategies has resulted in very healthy inflows across a number of his mandates. In particular, Philip has raised substantial assets for the newly-launched Jupiter Absolute Return Fund, a UK domiciled UCITS III unit trust. In anticipation of the additional funds this launch would bring in, Philip was able to attract Guy de Blonay, one of the most respected financials fund managers in the UK, to his team.

Guy, who has 13 years’ investment experience, joined Jupiter from Henderson New Star where he was responsible for a number of long only products and a long/short hedge fund investing in the financials sector. One of his key products was the long only New Star Global Financials Fund, which produced substantial outperformance of its benchmark in the nine years he managed it. Before joining New Star, subsequently Henderson New Star, Guy worked at Jupiter for six years.

The appointement of Guy as lead manager will have no impact on the Fund’s investment strategy or objective, which is to generate capital gains whether short, medium or long term through an international portfolio of investments. Both Guy and Philip will hold substantial personal investments in the Fund.

Philip Gibbs, fund manager at Jupiter said: “Guy has established a strong reputation as one of the best financial fund managers in the industry and I am pleased he will be taking on the management of Hyde Park. Guy’s appointment adds further strength and resource to our offering at an important time. We have seen a period of healthy inflows into the range of products managed by the team, including the recently launched Jupiter Absolute Return Fund, and assets under our management have grown substantially.”

Guy de Blonay, Jupiter, said: “The Jupiter Hyde Park Hedge Fund remains one of Jupiter’s key offshore hedge fund offerings. I am looking forward to taking on management of the Fund, and will seek to deliver consistent outperformance for investors.”


(1) Subject to FSA regulatory approval
(2) Source: Jupiter to 31.03.10


JUPITER HYDE PARK HEDGE FUND FACTS
- Launched in March 2000
- Long/short equity fund seeking to achieve absolute returns across market cycles in sectors where the manager has deep experience
- US$, € and £ share classes
- Minimum Investment: US$100,000, €100,000, £100,000
- Fees: 1.5% management fee; 20% performance fee

Jupiter Asset Management (Bermuda) Limited is the Investment Manager of the Jupiter Hyde Park Hedge Fund Limited and Jupiter Asset Management Limited has been appointed the Investment Adviser. www.jupiter-group.co.uk


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added