Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Jupiter Absolute Return

Ranked 50 out of 72 in - Long/Short Equity over 12 months
All calculations are in GBP

Managed by

James Clunie

James Clunie joined Jupiter in 2013 having been an investment director at Scottish Widows Investment Partnership managing short and long term UK equities. Prior to joining SWIP he was a senior lecturer at the University of Edinburgh where he also studied a PhD in Finance and has a BSc(Hons) in mathematics and statistics. James is also a CFA charter-holder.


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


Long/Short Equity over : 30/04/2014 - 30/04/2015
  • Rank 50/72 Total Return
  • Rank 22/72 Standard Deviation
  • Rank 23/72 Max Drawdown
Fund Name Return
48 GLG Financials Alternative DN H GBP

Currency exposure is hedged

Currency exposure is hedged


49 Majedie Asset Management Tortoise A Acc


50 Jupiter Absolute Return Acc


51 GLG Global Equity Alternative DN H GBP

Currency exposure is hedged

Currency exposure is hedged


52 BSF European Absolute Return D2RF GBP


Fund Name Risk
20 Verrazzano European Long-Short EI GBP Hgd

Currency exposure is hedged

Currency exposure is hedged


21 St James's Place UK Absolute Return Acc


22 Jupiter Absolute Return Acc


23 JPM US Select Long-Short Equity A (perf) Dis GBP H

Currency exposure is hedged

Currency exposure is hedged


24 Liontrust GF European Strategic Equity (C - GBP)


24 Castellain Value Fund


Fund Name Loss
21 NewSmith UK


22 AllianceBernstein-Select Absolute Alpha Pf A GBP H

Currency exposure is hedged

Currency exposure is hedged


23 Jupiter Absolute Return Acc


24 AllianceBernstein-European Flexible Eq Pf A GBP H

Currency exposure is hedged

Currency exposure is hedged


25 RWC Global Growth Absolute Alpha B GBP

Currency exposure is hedged

Currency exposure is hedged


Total Return

Quarterly Performance

to 31/03/2015 Annual Q1 Q2 Q3 Q4
2015 3.1%
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



Top 10 Holdings

Stock Size
Royal Dutch Shell Plc B ORD 3.23
Statoil ASA ORD 3.13
Barclays Bk PERP 2.82
US Treasury 2.000% 15-Feb-2023 2.40
esure Group PLC ORD 2.11
Centrica PLC ORD 1.90
United Kingdom 1.000% 07-Sep-2017 1.90
Deutsche Boerse AG ORD 1.84
Rio Tinto PLC ORD 1.49

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date14/12/2009
  • Share Class size212Mn
  • Base currencyGBP
  • ISIN GB00B5129B32

Purchase Info

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


  • Annual management1.3%
  • Initial investment5.25

Related News

Have UK equity long/short funds delivered?

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

Woodford attracts record £1.6bn for new fund

Woodford Investment Management has raised a record £1.6 billion during the offer period for its CF Woodford Equity fund.

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'.

Citywire Selection Review: the latest fund changes revealed

We unveil the changes to the Citywire Selection funds list.

Gibbs to retire and hand over Jupiter Absolute Return to Clunie

Jupiter's Philip Gibbs is handing over his Absolute Return fund to incoming manager James Clunie.

Selection Watchlist: Cazenove Multi-Manager Diversity

A spotlight on Sanlam's private client performance

Sanlam senior private investment manager Chris Nevile explains why dropping UK property exposure and backing tried and true funds will be a good call.


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