British fund manager Jupiter Asset Management has opened a new office in Stockholm.
In addition, Jupiter has signed an agreement with NASDAQ OMX’s Nordic Fund Market for the distribution of its funds in a move to expand its presence in the Nordic region.
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The Stockholm office will be headed by Christoffer Kjellberg Ek, sales director, Nordic’s, who joined Jupiter from JP Morgan.
The new office will mainly operate as a sales office.
Under the distribution deal, 17 sub-funds of the Jupiter Global Fund and Jupiter Merlin Fund Sicavs including Jupiter Dynamic Bond Fund, Jupiter European Growth fund, and Jupiter Global Ecology Growth Fund will be available on the Nordic Fund Market platform.
Additionally, Jupiter will offer Swedish kronor (SEK) hedged share classes for four of the funds including Jupiter Dynamic Bond, Jupiter Merlin Real Return, Jupiter Strategic Total Return and Jupiter Europa in a move to expand its Nordic offering.
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By GlobalDataKjellberg Ek said: "As we grow our business, our clients will be looking to buy our funds using a reliable, world class and cost-effective service. Nordic Fund Market is a great partner in that regard."
Maarten Slendebroek, CEO of Jupiter, said: "With our new office in Stockholm and our partnership with Nordic Fund Market, we are now in an excellent position to offer Nordic investors access to our pool of talented investment professionals who have demonstrated year in, year out the value active management can bring."
