Jupiter, Cedric de Fonclare

Since taking over from Leon Howard-Spink last July, the manager has reduced small-cap exposure and decreased level of concentration

Click here to download pdf Having been at Jupiter since 1999, Cedric de Fonclare took over the £291m Jupiter European Special Situations fund from Leon Howard-Spink in July last year. Though he likes to run a well-diversified portfolio, de Fonclare maintains a reasonably concentrated fund of around 50 names. While he invests principally in undervalued European equities, the manager deliberately avoids holdings based in eastern Europe. While he admitted there are many similarities between his management style and that of Howard-Spink, de Fonclare said he made a number of changes on takin...