Jupiter To Merge European Hedge Funds

Nov 1 2011 | 9:10am ET

Jupiter Asset Management is merging its onshore and offshore Europe-focused hedge funds, with the former's co-manager stepping down.

The London-based firm said that its offshore European Absolute Return Fund would merge into its Europa fund. The combined fund will retain Europa's name, investment strategy and Luxembourg domicile, but will see the offshore fund's manager, Stephen Pearson, installed as lead manager.

Pearson has run the onshore SICAV with Cedric de Fonclare since its launch last year. De Fonclare is stepping down as co-manager, while Michael Buhl-Nielsen has been named deputy manager.

Investors in the fund have approved the merger. The €15 million offshore fund has already adopted Europa's investment policy and fee structure.

"The hedge fund and the SICAV shared similar objectives within different legal frameworks," Jupiter's Richard Pavry said. "It is hoped the merger will provide investors in both vehicles with improved economies of scale."

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note