FundRock appointed AIFM for Jupiter US Smaller Companies PLC

FundRock, a leading European third-party UCITS Management Company (“ManCo”), Alternative Investment Fund Manager (“AIFM”) and Authorised Corporate Director (“ACD”) today announces that its UK entity, FundRock Partners Limited, has been appointed as AIFM and Company Secretary to Jupiter US Smaller Companies PLC (“JUS” or the “Company”) by the Company’s Board.
In this capacity, FundRock will provide oversight of the delegated functions as well as risk and compliance monitoring. JUS will benefit from FundRock’s established investment trust business and its existing close partnership with JP Morgan’s depositary, custody and administration services, which the Company currently uses.
FundRock’s appointment, due to commence on or before 1 April 2021, follows the announcement that the Board of JUS intends to appoint Brown Advisory as the Company’s investment manager, which is anticipated to become effective on or before 1 April 2021. Brown Advisory will manage the Company using its US Small-Cap Growth Strategy, which invests primarily in the shares of small US companies possessing above-average growth potential.
Xavier Parain, CEO of FundRock, said: “We are pleased to be the partner of choice for Jupiter US Smaller Companies PLC, ahead of the Company’s intended appointment of Brown Advisory as its investment manager. We look forward to providing our market leading solutions and strong expertise in order to help further grow this Trust and enable the firm to focus undistracted on delivering shareholder value.”