Wassenaar – April 10, 2017 – The Juno Selection Fund has ended the first quarter of 2017 with a positive return of +13.4%. With this result, the fund that focuses on investments in European small- and mid-cap (family-owned) companies, has clearly outperformed the European indices: the Euromoney Smaller Europe Index gained +7.0% this quarter.

Since inception in 2008, the Juno Selection Fund has returned close to +250% in total. This equates to an average performance of +14.5% per annum. The number of participants in the fund has grown to more than 300. Together, they represent assets under management in the fund of circa €210 million. This steep increase, combined with the growth of assets under management in our managed accounts, has led Juno’s management to decide to close the fund for new investors as per June 1st, 2017, in order to maintain the quality and liquidity of the fund. Please click here for the press release in which this decision is explained in more detail.

Juno remains positive about the outlook for the fund’s 2017 performance. Frans Jurgens, director and co-founder of Juno: “Whereas most listed companies in Europe showed disappointing results, 2016 was once again a solid year for the Juno Selection Fund’s portfolio companies. The aggregated reported earnings grew more than 13%.” Lennart Smits, director and co-founder of Juno: ”Within the range of possible investments in European companies, we continue to choose a small, select group of extraordinary businesses. The expected 2017 earnings growth lies north of our 10-15% target.”

About Juno Investment Partners

Juno Investment Partners is an independent asset manager based in The Hague. Juno invests in concentrated portfolios of high-quality European listed companies, often family-owned businesses or companies in which founders and directors are shareholders. The selection process emphasises predictable earnings growth, a high return on invested capital, low debt levels, strong margins and free cash flow, and a sustainable competitive advantage.

Launched in January 2008, the Juno Selection Fund focuses on small- and mid-cap European companies. The portfolio typically consists of around fifteen companies. Each is analysed intensively, and regular contact is maintained with management. The investment horizon is long, generally well over five years. Juno’s analysts, portfolio managers and employees also invest their personal capital in the JSF.

In addition to the JSF, Juno offers individually managed accounts through separate mandates, using the same investment approach. Juno holds an AIFM licence issued by the Dutch Authority for the Financial Markets (AFM).