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Alternative Market Briefing

Jupiter strengthens the liquid alternative range

Tuesday, October 16, 2018

Laxman Pai, Opalesque Asia:

Jupiter Asset Management launches the Jupiter US Equity Long Short fund, a sub-fund of the Jupiter Global Fund SICAV.

Managed by Darren Starr, a long-time hedge manager who joined the company's liquid alternative division in April, the fund will aim to generate an absolute return over a rolling 3-year period, regardless of market conditions, said a statement from the company.

The UCITS-compliant strategy has a portfolio of approximately 40-60 shares and focuses on US-based companies that conduct most of their business in US.

The fund holds both long and short positions. This provides flexibility against falling equity markets and seeks to reduce the correlation with broader stock market performance. In addition, the monthly volatility of the portfolio returns should be limited.

The fund aims to maintain a net equity exposure in the range of plus and minus 25 percent of net assets, with short positions allowing the possibility to hedge against falling equity markets, reduce the correlation with the broader stock market and limit volatility in portfolio returns. The gross equity exposure is anticipated to average around 200 percent.

"The launch of this fund is an important step in our strategic initiative to continue to build out our liquid alternatives capabilities at Jupiter," Magnus Spence, head of investments at the firm's alternatives division, commented on the new launch.

"Darren is a highly experienced US equi......................

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