UK’s Jupiter launches Hong Kong office

29 April 2014   Category: News, Asia, Global, Hong Kong, United Kingdom   By Daniel Shane

British fund manager Jupiter Asset Management has launched an office in Hong Kong as part of a push to attract more investors from Asia Pacific.

The independent fund management house, which as of last month had AUM of US$53.7 billion, earlier this year moved into an office in the city’s Central district, from where it will promote its funds to regional investors.

Jupiter says the launch was part of a broader strategy to diversify its client base and derive a larger portion of its AUM from international markets. Jupiter already has a presence in Singapore and Taiwan, but its Hong Kong operation is its first fully-fledged office outside of Europe.

“We are able to attract, nurture and retain some of the most talented managers in the industry because our culture gives them the freedom and flexibility to actively execute their investment strategy as they see fit, within certain risk parameters,” says Peter Swarbreck, head of Asia Pacific, Jupiter.

“There is no investment by committee or approved list of stocks or bonds in which they must invest. We believe this approach helps our managers deliver market-beating returns over the long term without undue exposure to risk.”