Last updated: 20:29 / Tuesday, 9 August 2016
15 years’ experience

Jupiter Hires Magnus Spence for New Alternatives Role

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Jupiter Hires Magnus Spence for New Alternatives Role
  • Magnus, who joins on 30th August 2016, will be responsible for developing and expanding Jupiter’s capability in this strategically-important asset class
  • Magnus will focus initially on the current range of Jupiter long/short equity UCITS products but in the medium term, his focus will be on broadening Jupiter’s alternatives product range across asset class, region and country
  • He will report into Stephen Pearson, Chief Investment Officer, and work closely with James Clunie, Head of Strategy, Absolute Return as well as the rest of the investment team

Jupiter has announced the appointment of Magnus Spence as Head of Investments, Alternatives. In this newly-created position, Magnus, who joins on 30th August 2016, will be responsible for developing and expanding Jupiter’s capability in this strategically-important asset class.

Magnus will focus initially on the current range of Jupiter long/short equity UCITS products: Sicav funds Jupiter Europa and Jupiter Global Absolute Return, and a UK domiciled absolute return unit trust fund. In the medium term, Magnus’ focus will be on broadening Jupiter’s alternatives product range across asset class, region and country. He will report into Stephen Pearson, Chief Investment Officer, and work closely with James Clunie, Head of Strategy, Absolute Return as well as the rest of the investment team.

Magnus has 15 years’ experience in the alternatives asset management industry. Most recently, he has worked as Head of Product at Fidante Partners (formerly Dexion Capital plc) since early 2015. His role there involved the development of a liquid alternatives investment management platform. Prior to this, Magnus was Chief Executive and Managing Partner of Dalton Strategic Partnership LLP from 2011-2014, a specialist equity firm which he co-founded in 2002. In this position, he was instrumental in the development of the firm’s hedge fund, specialist equity fund and segregated account business aimed at both UK and international clients.

Stephen Pearson, Chief Investment Officer 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’’.

Magnus Spence said: “This is an exciting time to join Jupiter. There is great potential for growth in the alternatives space both domestically and internationally. Jupiter, with its reputation for investment excellence, has the right ingredients to become a leading player in alternatives and I look forward to the opportunity of working with the entire team to meet this objective.

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