Will Clunie flourish on Jupiter Absolute Return?

COMMENT

The news Jupiter's Philip Gibbs is to retire in 2014, to be replaced on Jupiter Absolute Return by James Clunie, leaves a number of questions outstanding for current and would-be investors.

Having joined Jupiter from Scottish Widows Investment Partnership (SWIP) earlier this year, Clunie will take over the fund on 1 September having built a reputation as one of the industry’s more intellectual fund managers. Holding a PhD in ‘indirect short-selling constraints’, and having written several books on investment, Clunie is seen as “the industry guru in shorting”, said Chelsea Financial Services managing director Darius McDermott. He rates Jupiter Absolute Return as a ‘hold’, and said he would upgrade to ‘buy’ were Clunie able to demonstrate the ability “to run a larger pot o...