Jupiter Asset Management has launched a new global absolute return fund, the investment company has announced.
The Jupiter Global Absolute Return SICAV will be managed by James Clunie, who is head of strategy, absolute return. It seeks to gain return regardless of market conditions and with an absolute return over a rolling period of three to five years.
Clunie joined Jupiter in September 2013 and has 27 years of investment experience. He is a bottom-up stock picker and uses long-short strategies to generate returns.
The strategy is based on a existing €433 million Absolute Return fund which Clunie has run for UK investors and builds on his experience of running funds at his former employer SWIP.
Commenting on the launch, Clunie said: ‘For me successful investment is based on the no less than successful hunt for information and behavioural positives. I strive to understand the landscape of the market, its specific behavioural and emotional biases, as well as the anomalies that can grow out of it.’
‘The short selling of individual stocks is a subject in which I have extensive theoretical and practical experience. This is an area in which significant added value can be generated for investors.’