Tuesday, 27 January 2015
Last updated 19 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…