Financial services firm Jupiter International Group has hired Stephen Pearson to its European team in a bid to develop the firm's hedge fund business.
Jupiter - a subsidiary of Germany’s Commerzbank - plans to launch a long/short European equity hedge fund - which Pearson will manage. The fund will complement the firm’s existing three hedge fund offerings.
Pearson joins from long/short specialists Sloane Robinson Investment Management where he was a director and partner, responsible for European investments.
Commenting on the new appointment, Edward Bonham Carter, joint chief executive of Jupiter said: [Pearson] will be invaluable in developing our skills and resources in the hedge fund arena, where we see real potential over the next few years.
Pearson’s appointment follows other new hires at Jupiter, the most recent being Paul Sheehan who joined as a senior UK equity specialist, from Dresdner RCM Global Investors, in June.
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