Jupiter takes stake in ex-Janus Capital duo boutique
The asset manager said it will take a minority stake in US-based investment firm NZS Capital and enter into a strategic partnership with the company in Q1 2020.
(Pixabay)
Non-Zero-Sum Capital (NZS Capital) was established by former global tech equity pair at Janus Capital, Brad Slingerlend and Brinton Johns.
According to the terms of the agreement, Jupiter will be the exclusive distributor of NZS’s global growth unconstrained-styled investment portfolios. Mutual funds marketed under Jupiter brand and relying on NZS's strategies will also be launched. Institutional investors will be first targeted, including those based in the US.
Jupiter's CEO Andrew Formica said this partnership marks the London-based manager's first step into the US, "a large and sophisticated market which presents an attractive growth option not just for NZS strategies but equally for Jupiter’s existing capabilities."
