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Jupiter Absolute Return

Ranked 14 out of 80 in - Long/Short Equity over 12 months
All calculations are in GBP unless stated

Managed by

James Clunie

James Clunie has developed a strong reputation for managing absolute return strategies. Prior to joining Jupiter, he worked at Scottish Widows Investment Partnership as an Investment Director of equities, and managed a long/short equity fund and UK long-only funds. James was a senior lecturer in finance at the University of Edinburgh between 2003 and 2007, prior to which he worked as Head of Global Equities at Aberdeen Asset Management and Director and Head of Asset Allocation at Murray Johnstone International. James gained a degree and PhD from Edinburgh University and is a Chartered Financial Analyst.

Objective

The Fund seeks to generate absolute return, independent of market conditions, by investing on a global basis.

Showing fund performance in United Kingdom View performance globally

Performance

Long/Short Equity over : 31/03/2015 - 31/03/2016
  • Rank 14/80 Total Return
  • Rank 45/80 Standard Deviation
  • Rank 22/80 Max Drawdown
Fund Name Currency Return
12 CF Odey Absolute Return RET GBP GBP

6.6%

13 Schroder Absolute UK Dynamic P1 Acc GBP

6.5%

14 Jupiter Absolute Return Acc GBP

6.3%

15 Schroder ISF European Alpha Abs Return GBPH C Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

6.2%

16 BlackRock European Absolute Alpha P Acc GBP

5.0%

Fund Name Currency Risk
43 Odey Giano European GBP Inc GBP

7.8

44 Pensato Europa Absolute Return R GBP B

Currency exposure is hedged

Currency exposure is hedged

GBP

7.8

45 Jupiter Absolute Return Acc GBP

8.1

46 Schroder GAIA Sirios US Equity GBP Hdg C Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

8.1

47 AB SICAV I-Select Absolute Alpha Pf A GBP H

Currency exposure is hedged

Currency exposure is hedged

GBP

8.4

Fund Name Currency Loss
20 PTR-Corto Europe-I GBP GBP

-3.3%

21 Artemis Pan European Absolute Return I GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.4%

22 Jupiter Absolute Return Acc GBP

-3.5%

23 Schroder ISF European Alpha Abs Return GBPH C Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.5%

23 Jupiter JGF Europa L GBP B Acc HSC GBP

-3.5%

Total Return

Quarterly Performance

to 31/03/2016 Annual Q1 Q2 Q3 Q4
2016 4.1%
2015 5.3% 3.1% -0.7% 5.0% -2.0%
2014 -0.8% 0.0% 1.0% -1.0% -0.8%
2013 1.9% 1.2% -1.0% -0.3% 1.9%
2012 0.5% 0.3% 1.2% 0.2% -1.3%
2011 -0.2% -2.4% -2.3% 4.4% 0.4%
2010 1.5% 1.8% -0.8% -2.5% 3.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/12/2015

Top 10 Holdings

Stock Size
GBP Cash 84.96
United Kingdom 1.000% 07-Sep-2017 9.10
Northern Trust Global - The Sterling D GBP Inc 9.05
GBP Forward Contract 8.40
US Treasury 2.000% 15-Feb-2023 5.76
BP PLC ORD 3.54
ETFS Physical Gold 3.51
esure Group PLC ORD 3.30
United Kingdom 4.250% 07-Dec-2027 2.78
Deutsche Boerse AG ORD 2.47
31/12/2015

Registered For Sale In

  1. Spain
  2. United Kingdom

Fund Info

  • Launch date14/12/2009
  • Share Class size63Mn
  • Base currencyGBP
  • ISIN GB00B5129B32

Purchase Info

  • Min. initial investment50,000
  • Min. regular additional investment5,000

Charges

  • Annual management1.25%
  • Initial investment5.25

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Jupiter Absolute Return manager recently placed a trade after a decade of planning.

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We analyse how absolute return fund have fared after a flurry of launches five years ago.

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James Clunie: I’m in a shorting ‘arms race’

James Clunie, manager of the £250 million Jupiter Absolute Return fund, tells Wealth Manager how and what he's shorting.

James Clunie: the stocks I’m backing and shorting

The new manager of the Jupiter Absolute Return fund, James Clunie, has revealed the companies he is investing in and those he is betting against.

Jupiter’s Clunie warns investors must risk drawdowns to get returns

Jupiter’s James Clunie believes he can deliver 4-7% annualised returns with his Absolute Return fund, but said investors need to rethink how they view the sector.

Jupiter's Clunie: I think we can hold our own

James Clunie told Wealth Manager that spending hours poring over macroeconomic notes would not help him beat the competition, but shorting stocks was his 'edge'.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).