Jupiter is re-domiciling its Jupiter Astral fund, a Jersey Oeic, to the Cayman Islands and is seekin...
Jupiter is re-domiciling its Jupiter Astral fund, a Jersey Oeic, to the Cayman Islands and is seeking a Dublin stock exchange listing.
The Oeic has two sub-funds: Astral Class, a fund of hedge funds with $5m in assets; and Growth Class, with $10m.
The Astral class is to be merged with the existing Cayman Islands-based Jupiter Fund of Hedge Funds Limited, which already has $15m in assets.
Jupiter is looking to keep the track record of Astral, as it is the longer of the two.
As a result of the move, the group is setting up a roll-over vehicle for investors in the Growth Class sub-fund.
Jupiter will establish a Jersey-based Oeic before the end of the year.
The Jupiter Offshore Portfolio fund will be a fund of funds, with about 25% exposure to hedge funds, 5% in investment trusts and 70% in long-only funds. It is not an FSA-recognised vehicle.
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