Absolute return focus for Jupiter fund

The Jupiter Hedge fund, set up in early 1997, is run by fund manager Alan Miller and concentrates almost entirely on long/short investing in the UK market. Miller's focus on stockpicking allows him to balance long and short positions, mitigating market risk and concentrating on absolute returns from stock selection. He said: "The strategy is to find high quality, undervalued companies with a good earnings and cashflow outlook, where the valuation has significant upside potential. "Over the three years of the fund's existence the net investment exposure has never been more than 50% net in...