Jupiter strengthens Nordic presence

Jupiter Asset Management has announced a distribution agreement with NASDAQ OMXs Nordic Fund Market as it seeks to expand its presence in the region.

Jupiter strengthens Nordic presence
2 minutes

The fund manager, that has just opened an office in Stockholm, said it will make 17 sub-funds of its Jupiter Global Fund and Jupiter Merlin Fund SICAV range available on the platform, and in a bid to further strengthen its Nordic offering, will offer Swedish kronor-hedged share classes for four of the funds: Jupiter Dynamic Bond, Jupiter Merlin Real Return, Jupiter Strategic Total Return and Jupiter Europa. The Kronor share classes will be available from 1 September.

The Stockholm office will primarily be a sales office, a spokesman from Jupiter said and will be run by Christoffer Kjellberg Ek, sales director, Nordic’s, who joined Jupiter in February from JP Morgan.

The group said: “Kjellberg Ek will focus on developing relationships with professional clients such as banks, insurance companies, asset managers, fund of funds and institutional investors within the region.”

According to Maarten Slendebroek, Jupiter CEO: “With our new office in Stockholm and our partnership with Nordic Fund Market, we are now in an excellent position to offer Nordic investors access to our pool of talented investment professionals who have demonstrated year in, year out the value active management can bring. For nearly 30 years, investors have put their faith in us to look after and grow their wealth. We are confident we can earn the same trust from investors here in the region.”

In December last year, Jupiter entered into an agreement to manage a number of mandates for Emirates NBD in the UAE.

Under the terms of the deal, Jupiter’s multi-manager team, led by industry veteran John Chatfeild-Roberts, took over management of Emirates’ multi-asset global fund range.

In addition, the Chatfeild-Roberts led team, which has about $16bn in assets under management, was also appointed to run the Emirates Global Quarterly Income Fund, part of the company’s Luxembourg-domiciled Sicav umbrella.

The 17 sub-funds to be offered on the Nordic Fund Market are: 

  • Asia Pacific
  • China Select
  • Dynamic Bond
  • Global Ecology Growth
  • Europa
  • European Growth
  • European Opportunities
  • Global Convertibles
  • Global Equities
  • Global Financials
  • India Select
  • Japan Select
  • New Europe
  • North American Equities
  • Strategic Total Return
  • Merlin International Balanced
  • Merlin International Equities
     

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