Jupiter appoints manager for new fund

HandshakeJupiter Asset Management has appointed Darren Starr as a fund manager to its £1.9 billion (€1.16 billion) liquid alternatives business.

In the newly-created role, Starr will work with the other members of Jupiter’s absolute return team and will manage a Ucits-compliant US equity long/short fund to be launched later this year.

Starr, who has dual US and UK citizenship and over 10 years’ experience managing US equity long-short portfolios, will be based in Jupiter’s London head office.

He has previously worked at UBS, SAC Global Investors and Caxton and most recently worked at Segantii Capital Management in London.

Magnus Spence, Jupiter’s head of investments for alternatives, said: “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.”

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