As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 13 hours ago
May 5 2010 | 10:24am ET
Jupiter Asset Management is putting even more on its new top manager’s plate. Guy de Blonay, who joined the firm in December, will take the reins at the Jupiter Hyde Park Hedge Fund next month.
He takes over from Philip Gibbs, who has managed the hedge fund since its inception more than 10 years ago. The US$100 million fund has never posted a losing year under Gibbs, who will remain its deputy manager. Jupiter made clear that Hyde Park’s successful strategy will not change under de Blonay.
“The Jupiter Hyde Park Hedge Fund remains one of Jupiter’s key offshore hedge fund offerings,” its new chief said. “I am looking forward to taking on management of the fund, and will seek to deliver consistent outperformance for investors.”
De Blonay was hired from New Star Asset Management. He is also set to share responsibility with Gibbs on Jupiter’s flagship Financial Opportunities Fund, where he hopes to push for an increase in its Asian stock investments, he told Financial News.