Jupiter European Special Situations manager slashed exposure to ‘one-way bet'
Cédric de Fonclare joined Jupiter in 1999 but his rise to prominence really began in July 2005, when he began managing the Jupiter European Special Situations fund. His stockpicking approach has since produced top quartile returns over all time periods. The fund, now £563m in size, has returned 5.3% over the past three years versus an average loss of 4.3% for the IMA Europe ex UK sector, according to Morningstar. Like all European funds it has been hit hard over the summer, losing 17.6% in the three months to 9 September against an average loss of 19.1% for the sector. De Fonclare is ...
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