The Jupiter Europa hedge fund will merge with a sub-fund of the asset manager’s Luxembourg-domiciled SICAV, following shareholder approval granted 31 October 2011.
The rollover fund, also called Jupiter Europa, is a sub-fund of the SICAV, Jupiter Global Fund. The move is designed to increase liquidity, transparency and regulatory oversight to investors looking to make hedge-fund type investments without some of the perceived limitations, according to a statement from Jupiter.
Once the assets invested in the Jupiter Europa hedge fund have been transferred to the SICAV on 31 October 2011, the hedge fund will close. Existing investors had