Jupiter Bermuda is to offer a $30,000, three-year scholarship to a Bermudian student going to university.

The hedge fund management company is using the scholarship to mark its 40 years in business in Bermuda.

The company offered a similar scholarship on its 35th anniversary. Winner Bruce Swan studied in Canada and is now at law school in England.

Details on how to apply for the scholarship will be advertised in The Royal Gazette in the coming days.