Jupiter has delayed the launch of its fund of funds aimed at the UK retail market because it believe...
Jupiter has delayed the launch of its fund of funds aimed at the UK retail market because it believes the intermediary community needs more education about alternative investments.
John Chatfeild Roberts, director at Jupiter, said: 'We think we have got to do more educating of retail investors in the UK. We are looking at perhaps doing something for Commerzbank.'
Jupiter is owned by Commerzbank which, in Frankfurt, has two hedge fund products, COMAS I and COMAS II, designed primarily for Germany and neighbouring continental European countries.
According to Chatfeild Roberts, the fact that hedge funds are usually offshore products is not a big problem for onshore investors. He said: 'A London or Dublin listing should give investors reason for comfort. The main problem is investors are conservative in changing their ideas but they want a fund that offers absolute returns with low volatility.'www.ifaonline.co.uk
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