Jupiter is a high-conviction, active asset manager. Our focus as a business is the delivery of investment outperformance over the long term for our clients. We have been managing investments on behalf of a range of institutional clients since Jupiter was established in 1985.
We have a highly regarded and experienced investment team and a meritocratic culture, which seeks to attract talent based solely on ability across our global business. We believe a diverse workforce leads to superior idea generation, better thinking and more effective decision making.
We believe that talented fund managers who are free to pursue their own investment styles provide the best outcomes for clients. With no ‘house view’ to constrain them, our fund managers actively seek the best investments through fundamental analysis, clear investment processes and a focus on impactful stewardship. Jupiter has a high-performance culture, with independent thought, individual autonomy and accountability and our portfolio managers are encouraged to invest in their own strategies; this further aligns their interests to those of their clients. We work in an environment in which cooperation and knowledge sharing among portfolio managers is continuous, with our investment teams sitting together, enabling the cross-pollination of outstanding insights across strategies.
Jupiter has had a longstanding commitment to supporting corporate and investment initiative that are aligned with our culture and values. From the origination of one of the first green investment funds in 1988, to being at the forefront of pioneering initiatives: as a member of the UKSIF (the UK Sustainable Investment and Finance Association) since 1998 and a founder signatory to the Carbon Disclosure Project (now called CDP) in 2000. Jupiter has been a signatory to the PRI for over a decade. We have long understood the importance of these collaborative opportunities and are proud of our history of committing to initiatives which support out social responsibility as an asset manager.
More recently, in 2018, Jupiter Fund Management PLC started to implement the recommendations of the Taskforce on Climate-related Financial Disclosure (‘TCFD’) and signed the LGPS Investment Code of Transparency. In 2019, we joined the Institutional Investors Group on Climate Change (IIGCC) and became a signatory to the Global Investor Statement on Climate Change. We are also supporters of the Transitions Pathway Initiative (TPI).
Corporate governance is rooted in Jupiter’s heritage and is a cornerstone of both our own corporate discipline and the outlook of our investment team. The Board of Directors rigorously scrutinises Jupiter’s strategy, performance, culture, leadership and risk management structure. Meanwhile, through selecting companies that can demonstrate good corporate conduct and engaging with investee companies and exercising voting rights, our portfolio managers actively promote a culture of superior corporate conduct which we believe enhances shareholder value.
Partners Group is a global private markets investment manager, serving over 850 institutional investors worldwide who seek superior investment performance through private markets for their more than 100 million beneficiaries. Partners Group has USD 90 billion in assets under management and more than 1,300 professionals across 20 offices worldwide.
Partners Group realises potential in private markets by financing and developing great companies, desirable real estate and essential infrastructure. The firm creates value in its investments through active and long-term responsible ownership. Since inception, the firm has invested over USD 100 billion in private equity, private real estate, private debt and private infrastructure on behalf of the firm's clients.
Partners Group is in the advantageous position of offering a genuine private markets fund for defined contribution schemes and master trusts in the United Kingdom. The Generations Fund, launched in April 2016, followed the successful launches of Partners Group's similar funds for defined contribution clients in the United States and Australia. The Generations Fund provides defined contribution members with access to Partners Group’s full suite of private markets capabilities: private equity, private debt, private infrastructure, private real estate and listed private markets.
The Generations Fund, which targets a 7-11% p.a. net return (currently on track at 9.7% p.a. net since inception), continues to grow on target. It has been on-boarded to a number of platforms for access by the firm's clients, and has been rated by a number of consultants and advisors, many of whom have selected the Generations Fund for their own defined contribution pension. The strategy adopted by the Generations Fund has a 16 year track record based on its sister fund for defined benefit schemes, The Partners Fund. This strategy has outperformed public markets throughout this period, with lower volatility, maximum drawdown and beta. The Generations Fund has over 100 private markets investments in the portfolio, which are well diversified by geography, industry, instrument and asset class, and have passed Partners Group's rigorous responsible investment process.
Partners Group's combination of global reach and local presence, as well as deep industry expertise across private markets, enables the firm to successfully engage with industry leaders and entrepreneurs in all key markets. With a long-term investment approach, Partners Group creates value in investments on behalf of the firm's clients through expansion and operational improvements.
The firm's investment approach focuses on investing in quality assets with growth and development potential. These investment opportunities in different markets are proactively sourced through our large local teams and extensive network of entrepreneurs, industry experts and private markets managers.
To benchmark the global investment opportunity set, Partners Group identifies areas of private markets with the greatest investment potential in the prevailing market environment and define the sectors, regions and strategies likely to offer higher value relative to other segments.
This top-down view on the most attractive investment opportunities in private markets globally, combined with the Partners Group's bottom-up ability to identify and develop the most promising investments within local markets, has resulted in strong outperformance over two decades.
Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of 31 March 2019, we serve as a trusted investment adviser to more than 2,200 institutional clients and mutual fund sponsors in over 60 countries. Our comprehensive investment capabilities are built on the strength of rigorous, proprietary research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. Our commitment to investment excellence is evidenced by our significant presence and long-term track records in nearly all sectors of the global securities markets.
22 October 2019 09:30
South Place Hotel
3 South Place, Finsbury, London, EC2M 2AF, England, United Kingdom Google Maps
mallowstreet DC Indaba
The Defined Contribution Indaba* will bring together some of the industry’s biggest influencers to hear a selection of interactive keynote presentations. These will be interspersed with five Investment Masterclass breakout sessions which will cover key asset classes and investment opportunities, specifically tailored for defined contribution pension funds.
*An indaba (pronounced in-dar-bah) is an important conference held by the izinDuna (principal men) of the Zulu or Xhosa people. The term comes from a Zulu language word meaning "business" or "matter".
The DC Indaba is available for CPD accreditation by the Pensions Management Institute and is exclusively for pension funds and their advisors.
Please click here to register your interest.
Steven Gardner Institutional Relationship Director
Steven joined Jupiter in 2018 and is responsible for managing Jupiter’s relationships with existing and prospective institutional clients in the UK. Steven joined Jupiter from Franklin Templeton Investments where he led their institutional business development efforts in the UK and Ireland, managed relationships with institutional clients and was responsible for developing relationships with UK-focused investment consultants. Prior to this, Steven held a senior role in the institutional client service team at Baring Asset Management, a role he assumed after relocating to London from Edinburgh where he was a member of the overseas institutional client team at Baillie Gifford. Steven began his career on the investment side having spent four years as an investment analyst at SL Capital Partners, the private equity division of what was then Standard Life Investments. Steven holds a first class honours degree in Economics from the University of Strathclyde and was the recipient of the Sir Charles Carter Prize for Excellence in the field of the Economics of Industry and Innovation.
Abbie Llewellyn-Waters Fund Manager
Abbie Llewelyn-Waters joined Jupiter in 2006 and is a global equities fund manager in the Environment and Sustainability team. She manages the Jupiter Global Sustainable Equities Fund and has been a lead manager of institutional funds since 2012.
Abbie was previously co-manager of the multi-asset Jupiter Global Ecology Diversified Fund and was an integral member of the fund management team for the Jupiter Ecology Fund, the Jupiter Global Ecology Growth Fund and the Jupiter Green Investment Trust PLC for over 10 years.
In 2017, Abbie was awarded both Fund Manager of the Year and Investment Woman of the Year at Investment Week’s inaugural Women in Investment Awards. Abbie is also a contributing member of several industry initiatives: for example, she is an Ambassador for the Diversity Project and a member of the 30% Club UK Investor Group.
She has a degree in Classics from University College, London.
Andrei Vaduva Head UK Portfolio Management
Andrei Vaduva is part of the Portfolio Management business unit, based in London. Andrei is responsible for the day-to-day portfolio management of The Generations Fund, Partners Group's dedicated UK DC program. He has eleven years of industry experience. Prior to joining Partners Group, he worked at KPMG and Mercer. He holds a bachelor’s degree in finance from the University of Reading, UK. He is also a CFA charterholder.
Antony Esposito Head UK DC Client Solutions
Antony Esposito is Head UK DC Client Solutions and is part of the European Client Solutions business unit, based in London. Antony leads efforts of UK DC pension schemes, Master Trusts and DC life platforms. He has been with Partners Group since 2012. Prior to joining Partners Group, he worked at Pictet and UBS. He holds a bachelor’s degree in management and strategy from Aston University, UK. He also holds the UK Society of Investment Professionals Investment Management Certificate.
Irena Kyuchukova Managing Director and Investment Director
As an investment director in Investment Products and Strategies, Irena works closely with fixed income investment teams to help ensure the integrity of the investment approaches in her coverage. This includes meeting regularly with the fixed income investment teams and providing analysis of portfolio positioning, performance, and risk exposures. Irena contributes to developing new products and client solutions and managing business issues such as capacity, fees, and guidelines. She also participates in meetings with clients, prospects, and consultants to communicate our investment philosophy, strategy, positioning, and performance. She is based in our London office.
Prior to joining Wellington Management in 2012, Irena worked as a credit trader at Morgan Stanley in both New York and London (2008 – 2012).
Irena earned a BA in economics and mathematics, summa cum laude, from Dartmouth College (2008). Additionally, she holds the Chartered Financial Analyst designation.
James Bradley Vice President and Relationship Manager
As a relationship manager in the London-based Global Relationship Group, James is responsible for deepening relationships and developing consultative partnerships with a number of Wellington Management’s insurance clients in the UK and continental Europe. He assists insurers with long-term investment strategy, helps evaluate portfolio risk and performance, monitors compliance with policy guidelines, and works with other members of the firm to ensure the delivery of investment, reporting, and operational services.
Prior to joining the firm in 2015, James was an executive director at Goldman Sachs Asset Management (2005 – 2015), where he was responsible for client relationship management and business development within the firm’s insurance client base. James joined Goldman Sachs from the Royal Navy where he served for six years as a warfare officer (1999 – 2005).
James received both his MSc in Project Management (1998) and his BSc in Psychology (1997) from the University of Huddersfield. He also holds the Investment Management Certificate.
Will Lockhart Managing Director and Relationship Manager
As a relationship manager on the UK team, Will works with a range of pension fund and subadvisory clients in the UK. He assists clients with long-term investment strategy and policy issues, helps evaluate portfolio risks and performance, and works with other members of the firm to ensure the delivery of investment, reporting, and operational services.
Will has spent most of his professional career at Wellington Management. Since joining the firm in 2002 in the London office, he has worked in client-service-focused roles at the firm’s offices in Hong Kong and Sydney before rejoining the London office in 2014.
Will received his BA (Hons) in Theology from the University of Bristol (2000).