Buhl-Nielson, who has been with Jupiter for almost seven years, has been deputy manager on the fund since October 2011. He is now lead manager on the fund, with Pearson taking on the deputy position.
The fund was the result of a merger of the European Absolute Return Fund and the Europa Hedge Fund which also occurred in October 2011.
The performance of the fund over the past six months is shown in the graph.
It currently has around £48m under management, of which the largest proportion is invested in the financials sector (28%). It has been ranked in the first and second quartiles over one and three years respectively.