Announcement to the Participants in the Juno Selection Fund
Subject: Management Board of the Legal Owner Juno Selection Fund
As a result of a change in legislation, the manager of the Juno Selection Fund has appointed a new management board/director for the Legal Owner of the Juno Selection Fund Foundation on January 6, 2020. Where Stichting Circle FGR Support formed the management board in recent years, these tasks are now performed by CSGK B.V. (part of Capital Support in The Hague), which has a trust license issued by De Nederlandsche Bank. There is no change in the statutory duties of the Legal Owner of the Juno Selection Fund Foundation: it retains the legal ownership of all assets that belong to the Juno Selection Fund. All assets that are part of the fund have been registered in the name of the Legal Owner, for the account and risk of the participants of the Fund. The Legal Owner acts solely in the interest of the participants. For a complete description of the duties of the Legal Owner, we refer to chapter 5, sub B of the prospectus of the Juno Selection Fund.
If you have any questions on this subject, please contact our Risk & Compliance Director, Ms. Sanne Wijnholts, tel: +31.70.24.00.247 or email@example.com
About Juno Investment Partners
Juno Investment Partners was established in 2007 as a fully independent fund manager and has an AIFM license (as referred to in Section 2:65 of the Wft), issued by the Dutch regulator AFM. Juno specializes in the selection of exceptional listed (family owned) companies in Europe. Companies that are able to achieve predictable and stable earnings growth year after year are considered for investment. The selection process focuses on the return on invested capital, a low debt ratio and free cash flows of a highly predictable nature. The analysts/portfolio managers compile a highly concentrated portfolio of approximately fifteen companies that they identify, analyze and visit regularly. Selected companies remain in the portfolio for a longer time period (usually more than five years). All analysts/portfolio managers have themselves invested in the Juno funds.
Juno offers three products: The Juno Selection Fund, which focuses on the selection of smaller and medium-sized listed companies, the Juno Continuation Fund for medium-sized companies and individual asset management using the same investment style, for larger clients through managed segregated accounts.
– The Juno Selection Fund was launched in 2008. This mutual fund invests in distinctive European small and medium-sized companies with an initial market capitalization of €250 million to €4 billion. In recent years, this investment style has resulted in above average investment returns for participants in the Juno Selection Fund. This fund has been hard closed for further (follow on) subscriptions since 2018.
– The same investment strategy is applied in the Juno Continuation Fund, which was launched on February 1, 2020. This fund focuses on unique, medium-sized European companies with a market value between €4 billion and €20 billion at the time of initial purchase. As is the case with the Selection Fund, the Continuation Fund also has a strong preference for investments in businesses that are family owned, or companies in which a family or management itself is also a shareholder.