Fri, Sep 30, 2016
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. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  2. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  3. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  4. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as