Jupiter is pleased to announce the appointment of Huw Davies as Assistant Fund Manager on its Strategic Absolute Return Bond (SARB) team. Huw, who joined Jupiter in the summer of 2020 following the company’s acquisition of Merian Global Investors, has been working with the SARB team for over four years in his capacity as Investment Director, Fixed Income.
In his new role as Assistant Fund Manager, Huw will report directly into Mark Nash, Head of Fixed Income Alternatives, and will work alongside Assistant Fund Manager James Novotny, strengthening the resource dedicated to Jupiter’s alternative fixed income offering.
Having joined the Jupiter stable following the Merian acquisition, the team’s flagship portfolio, the Jupiter Strategic Absolute Return Bond Fund (ICVC), looks to deliver positive total returns uncorrelated to bond and equity market conditions, with stable levels of volatility. Powered by its flexible approach to navigating volatile fixed income markets, the fund has delivered 18.23% over three years and 20.4% over five. The fund is Jupiter’s first footprint in the alternative fixed income space and has added a new dimension to the company’s existing Alternatives business.
In addition to Huw’s appointment, Jupiter is strengthening the client-facing support offered to its flagship fixed income strategy with the promotion of Matthew Morgan to Investment Director, Fixed Income and Multi-Asset. Having joined Jupiter in 2019 as Product Specialist, working on Jupiter’s Multi-Asset strategy under Head of Strategy, Multi-Asset, Talib Sheikh, in his new position Matt will co-ordinate the activities of Jupiter’s team of Investment Directors across the company’s £15.3bn Fixed Income and £1.1bn Multi-Asset ranges, leading a growing team of strategy specialists.
“Since the onset of the Covid pandemic, the policymaking landscape has dramatically changed. Fiscal spending is unlikely to disappear anytime soon as inequality and global warming issues are addressed. Central banks will remain supportive but will take more of a backseat, while ensuring that banking systems are in good health to support the recovery. This reflationary environment will see higher growth and higher inflation, with yields rising. In my view, a more ‘absolute return’ approach will be needed to achieve positive returns from fixed income, and I am pleased to be welcoming Huw to the team at this important time in for the strategy.”Mark Nash, Head of Strategy, Absolute Return Bond
“Since joining Jupiter, the Strategic Absolute Return Bond strategy has continued to go from strength to strength, demonstrating the team’s ability to deliver positive returns from a macro driven allocation process throughout changing market conditions.”
“At Jupiter we remain committed to retaining and nurturing talented individuals who exemplify our dynamic, active investment culture. Both Huw and Matt have already made huge contributions to Jupiter’s investment offering and we are pleased to be offering further support to the team as we continue to build out this important standalone strategy.”Stephen Pearson, CIO