According to the firm Spence, who joins on 30 August, 2016, will be responsible for developing and expanding its capability in what it views as a “strategically-important asset class”.
Initially he will focus on the current range of Jupiter long/short equity UCITS products: Sicav funds Europa and Global Absolute Return, and the Jupiter Absolute Return unit trust, Jupiter said.
But, added, in the medium term he will focus on broadening out the range.
“This is an asset class which is highly sought after and important for the future development of our investment proposition,” Jupiter’s chief investment officer, Stephen Pearson.
Spence will report to Pearson and will work closely with James Clunie, head of strategy, absolute return as well as the rest of the investment team, Jupiter said.
Prior to taking up the role he was head of product at Fidante Partners (formerly Dexion Capital plc), a position he took up in early 2015. During a 15-year career he has also helped found Dalton Strategic Partnership of which he was CEO and managing partner from 2011-2014.