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

Since 2007, Juno Investment Partners has been investing in a highly concentrated portfolio of European listed companies with predictable and stable earnings growth, often family-owned businesses.

We focus on companies with a high return on invested capital, strong margins, and highly predictable (free) cash flows. These are typically companies with a strong competitive position and clear added value for their clients, enabling them to continue creating value over the long term.

Based on these characteristics, we select a limited number of companies that we want to understand thoroughly. The portfolio consists of approximately fifteen companies. These are analyzed intensively, visited regularly, and monitored over several years. The investment horizon is long, typically well over five years. Our analysts and portfolio managers also invest in the funds themselves.

Juno offers three products. The Juno Selection Fund focuses on small and medium-sized companies. The Juno Continuation Fund focuses on medium-sized companies. In addition, Juno offers individual asset management via managed accounts, using the same investment approach. The Juno Selection Fund was launched in 2008 and invests in European companies with an initial market capitalization between €250 million and €4 billion. The fund was closed to new investments for a long time and has been accessible to existing participants again since April 2023.

The Juno Continuation Fund was launched on February 1, 2020, and invests in medium-sized companies with a market capitalization between €4 and €20 billion. Here, too, the emphasis is on companies that often have family or management as co-shareholders.

Juno holds an AIFM license from the AFM.