Fund launches & closures

Juchault enters emerging space

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Jean-Louis Juchault and David Obert are taking niche fund investing to the next level with the launch of Puzzle Krystal Fund, which focuses on funds of funds that focus on early-stage managers. According to the fact sheet of the duo’s latest fund, launched in December 2011, the Puzzle Krystal Fund will build superior returns through transparency, proximity and control.

Juchault and Obert, who sold their 22% stake in Systeia Capital Management at the start of 2008, re-emerged last year with the Puzzle Niche Fund. The FoHF focuses on niche investments with low or ideally no exposure to equities