Wednesday, 7 October 2015
Last updated 12 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…