Jupiter manager to cap Hyde Park vehicle at start of second quarter
Jupiter's Philip Gibbs will cap his long/short portfolio on 1 March, following increased investor demand. His Hyde Park fund currently has $408m in assets. Gibbs confirmed the fund will close at the beginning of the second quarter when he anticipates it will be close to $600m in size. The group said the move to close the strategy to new business comes as Gibbs has become increasingly concerned about maintaining performance if the fund grows too rapidly. His strong performance follows timely moves on US financials and consumer stocks during the credit crunch. In recent months, the ...
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