Juno Investment Partners is Awarded a US Institutional Mandate and Breaks Through the EUR 100 Million Mark in European Small and Mid-cap Investments.
Wassenaar, The Netherlands -29 october 2014- Juno Investment Partners has been awarded an investment mandate worth several tens of millions of Euros from a large US multi-family office. The mandate will be invested according to the same strategy as the Juno Selection Fund: in European small and mid-cap stocks of listed, primarily family-owned companies. With this mandate, the assets under management in both the Juno Selection Fund and individual mandates combined now exceed the EUR 100 million mark. The Juno Selection Fund has realized a cumulative 113% return since the inception of the fund in January 2008 and is again ranked in the top tier of its Morningstar category.
The new mandate was awarded by a US multi-family office based in Tennessee. This SEC registered asset manager has more than $5 billion under discretionary management through a wide array of investment strategies.
Juno has seen strong growth in assets under management over the past number of years. Frans Jurgens and Lennart Smits, managing partners and founders of Juno: “The European small and mid-cap market is highly specialized. The fact that a large institutional investor has selected Juno Investment Partners to manage part of their assets to us is an acknowledgement of our strategy of the past years: selecting excellent companies where the family is still at the helm, where the focus is on the long term and with solid financial management. The fact that we have now crossed the EUR 100 million AUM mark is evidence of our successful approach. At the same time, it also shows that our investment philosophy is now internationally acknowledged.”
The Juno Selection Funds invests in a highly concentrated portfolio of European small- and mid-cap companies for high net worth individuals and follows the same strategy for larger institutional mandates. The underlying companies are selected based on high free cash flow, relatively predictable profit growth and an above-average return on capital. Most companies in the portfolio are still partly owned by families. This means that the capital is generally put to work in a more efficient manner, the focus is truly on the long term and there is a strong alignment of interest between the family members and other long term investors. Juno regularly pays on-site visits to all the companies it follows and invests in.
About Juno Investment Partners and the Juno Selection Fund
The Juno Selection Fund invests in exceptional European small and mid-sized companies. Generally, these are family-owned businesses or companies where a family or management is also a stakeholder. Companies that are able to achieve a predictable and stable profit growth year after year are considered for investment. During the selection process, the focus lies on return on invested capital and free cash flows that are highly predictable in nature. The analysts/investment managers construct a highly concentrated portfolio of companies that they themselves have identified, analyzed, and regularly visited. Selected companies often remain in the portfolio for a longer period of time (over three years on average). This investment style has yielded the Juno Selection Fund’s participants superior results. The Juno Selection Fund is managed by Juno Investment Partners. The Dutch authority for the financial markets, “AFM”, has granted Juno Investment Partners a license for discretionary asset management of direct mandates.
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