Jupiter is mulling the launch of a twice-leveraged version of its Absolute Return fund run by James Clunie later this year.
The existing fund, which Mr Clunie has managed since September 2013, has seen sizeable inflows in recent months and now stands at £826m in size. The asset manager is now considering whether there is appetite for a new version.
"Jupiter is considering launching a higher-risk version of the successful Jupiter Absolute Return fund managed by James Clunie, but no final decision has been taken as yet," a spokesperson for the firm said.
The potential rollout comes after the company hired Magnus Spence for the newly created role of alternatives head last year, tasking him with expanding its capability in the "strategically important" asset class.
The current Absolute Return offering has returned 17.3 per cent over the past three years, according to FE Analytics.
