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Jupiter hires Magnus Spence for new alternatives role

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Jupiter has appointed Magnus Spence as head of investments, alternatives, responsible for developing and expanding Jupiter’s capability in this asset class.

Spence, who joins on 30 August 2016, will focus initially on the current range of Jupiter long/short equity UCITS products: Sicav funds Europa and Global Absolute Return, and the Jupiter Absolute Return unit trust.
In the medium term, Spence’s 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.
Spence 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) since early 2015. His role there involved the development of a liquid alternatives investment management platform.
Prior to this, Spence was chief executive and managing partner of Dalton Strategic Partnership from 2011 to 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.
Pearson says: “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’’
Spence says: “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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