Jupiter Asset Management has hired a new head of investments for alternatives to expand and develop its offerings in the asset class, the company has announced.
Magnus Spence will formally join Jupiter on August 30 and initially focus on the long/short equity Ucits funds, namely the Jupiter JGF Europa fund managed by Citywire + rated Mike Buhl-Nielsen and the recently-launched Jupiter Global Absolute Return fund.
Spence will also work on expanding Jupiter’s alternatives product range across asset classes, regions and countries. He will report to Stephen Pearson, chief investment officer at Jupiter, while working closely with James Clunie, who is head of strategy, absolute return.
Spence has 15 years of experience in the alternatives asset management industry. He joins Jupiter from Fidante Partners, formerly known as Dexion Capital, where he worked as head of product and developed a liquid alternatives investment management platform.
He also worked as a chief executive and managing partner at Dalton Strategic Partnership LLP, a specialist equity firm which he co-founded in 2002.
Commenting on the new appointment, Pearson said: ‘We are very much looking forward to welcoming someone of Magnus’ experience and calibre to the investment management team we are building at Jupiter.’
‘Magnus will be working closely with me, James and the fund management team to strengthen and broaden our presence in the alternatives sector. This is an asset class which is highly sought after and important for the future development of our investment proposition.’