The Jupiter Astral Fund, Jupiter Asset Management’s fund of hedge funds, is being distributed by Scottish Life International’s within its Personal Investment Management Service (PIMS) wrapper.
The agreement marks the first time the Jupiter Astral Fund, managed by John Chatfeild-Roberts, has been made available through a tax- efficient wrapper with an offshore life company.
“The Jupiter Astral Fund was an obvious choice for our range. Jupiter’s fund of funds team are leaders in the multi-manager sector and the performance record of the Jupiter Astral Fund proves they are able to replicate this success in the hedge funds industry,” says Richard Jamieson, Head of Marketing at Scottish Life International. “We are delighted to be able to offer their expertise in a tax-efficient wrapper and to put the fund on our preferred list.”
Chatfeild-Roberts describes hedge funds as “one of the fastest-growing sectors of the fund management industry, a reflection of investors’ desire to achieve absolute returns in both rising and falling markets. But selecting funds is often difficult for the individual investor and so we are delighted to be able to offer SLI’s clients access to the Jupiter Astral Fund.”
The initial minimum investment into the Jupiter Astral Fund has recently been reduced to £10,000, EUR10,000 or $10,000 to enable a wider number of investors to benefit from the fund’s excellent low volatility absolute return characteristics.
The Jupiter Astral Fund Sterling Class returned 13.2% in 2004, and has returned 59.6% over the last five years to 31 December 2004.