Jupiter closes absolute return fund due to 'dwindling demand'

According to a letter to shareholders seen by Investment Week, the fund house wrote to clients on 14 June informing them of the closure. Richard Buxton to retire from Jupiter In the letter, Jupiter said that since the fund launched in 2018, it had "steadily reduced in size", a trend it expects to continue. As of 15 June, the fund had £6.2m in assets under management, and, due to its lacklustre AUM, the firm said "we believe that closure of the fund is in the best interests of investors". This is the latest closure in an ongoing internal audit process being carried out by the fir...