Clunie Replaces Gibbs As Jupiter Absolute Return Manager

Jul 19 2013 | 10:14am ET

In preparation for his 2014 retirement, Jupiter Asset Management's Philip Gibbs will hand over his £536 million Absolute Return fund to James Clunie in September.

Gibbs, who joined Jupiter in 1997, had earlier passed management of his Financial Opportunities fund to Guy de Blonay. Gibbs now runs only the Jupiter Second Split trust, which he will continue to do until it winds up in October 2014, at which point he will retire, reports Investment Week.

Said Jupiter CEO Edward Bonham Carter: "Philip has delivered outstanding long-term returns to clients during his career at Jupiter and I would like to thank him for the contribution he has made to the company during this time.”

Gibbs, who delivered a 792% return on Jupiter Financial Opportunities, has seen his Absolute Return fund struggle, returning just 1% in the last three years.

That is something Clunie, who joined Jupiter on July 15, 2013, will now have to deal with.

Clunie has 24 years' experience in the financial industry, most recently running the Flexible Strategy Fund for Scottish Widows Investments, which has returned 24.5% over the past three years.

 


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.