Jupiter unveils Strategic Reserve fund for Geldard and Manzi

Jupiter has launched the Strategic Reserve fund for multi-asset specialists Miles Geldard and Lee Manzi, aiming to deliver a total return with low volatility.

The fund, an onshore version of the Luxembourg-domiciled Jupiter Strategic Total Return fund, will invest in equities, corporate and convertible bonds, government bonds and currencies. Geldard and Manzi will be agnostic in their approach to asset classes, and will aim to provide a liquid and transparent offering seeking asymmetric investment opportunities. Geldard said currency positions form a significant part of the fund at present, with two key calls being to short the Japanese yen and the Australian dollar. The manager said his short duration position in government bonds means ...