Jupiter has appointed Darren Starr as a Fund Manager in the firm’s growing GBP1.9 billion liquid alternatives business.
Starr has dual US and UK citizenship, and over 10 years’ experience managing US equity long-short portfolios across roles at UBS, SAC Global Investors and Caxton.
In his new role, Starr will work closely with the other members of Jupiter’s absolute return team, including James Clunie, manager of the Jupiter Absolute Return Fund unit trust, Jupiter Global Absolute Return and Jupiter Global Levered Absolute Return SICAV funds, and Mike Buhl-Nielsen, manager of the Jupiter Europa Fund (SICAV). Subject to regulatory approvals, Jupiter plans to launch a UCITS-compliant US equity long/ short fund, to be managed by Darren, later this year.
Magnus Spence, Jupiter’s Head of Investments, Alternatives, says: “Developing and expanding our liquid alternatives capabilities is a key strategic goal for Jupiter. Darren’s appointment enables us to strengthen and broaden our presence in this sector. We believe there is significant client demand for strategies which are uncorrelated to the performance of the equity market given current valuation levels, particularly in the US equity market, and we look forward to welcoming Darren to the team.”
Starr says: “Jupiter has a growing reputation in the liquid alternatives space, and I am excited to be joining the company at this point in its journey. I look forward to working alongside this talented team of investors and adding my own contribution to the success of the business.”
