Jupiter To Close Non-UCITS Hedge Funds

Apr 9 2012 | 11:15am ET

Jupiter Asset Management is doing away with hedge funds as a separate business line as it prepares to switch investors into regulated vehicles.

The London-based firm plans to close its two hedge funds as part of a plan to offer hedge fund strategies through its segregated mandates. Jupiter said it made the move due to "client demand, led by changing regulation," according to HFMWeek.

The firm will close its Jupiter Hyde Park and Jupiter Financials funds. Investors will be given the option of moving into UCITS III-compliant versions of those funds, which have about £20 million in assets under management.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note