Jupiter Asset Management has handed over its Financial Opportunities fund to hedge fund manager Guy de Blonay, who joined the firm last year.
De Blonay has served as co-manager of the fund alongside Philip Gibbs since joining Jupiter from New Star Asset Management. Now, Gibbs will step into a supporting role at the £1 billion fund, continuing to handle its financials portfolio.
It is the second fund at Jupiter that de Blonay has taken over from Gibbs, who manages six other funds. Earlier this year, he became lead manager of the US$100 million Jupiter Hyde Park Hedge Fund, which Gibbs set up a decade ago.