Jupiter UK equity value manager Ben Whitmore’s new boutique has been registered on Companies House as Brickwood Asset Management.
The firm, which he is setting up alongside Jupiter colleagues Claudia Ripley and Dermot Murphy, was registered on Companies House on 9 January – the day Jupiter announced his departure.
Whitmore currently runs the £1.6bn Jupiter Income Trust, and co-manages the £1bn Jupiter Global Value unit trust and the £500m Jupiter Global Value Sicav alongside Murphy, as well as £4.8bn of segregated mandates. There are ongoing discussions with Jupiter as to whether the trio will take Jupiter Global Value Unit Trust, along with its existing investors, across to the new boutique. However, an agreement has been reached that Brickwood AM will not compete with Jupiter in the IA UK Equity Income sector, nor the non-UK open-ended Ucits market, upon his departure in July this year.
Whitmore has been at Jupiter Asset Management since September 2006. Prior to this, he spent 12 years as a fund manager at Schroders. Co-manager Murphy joined Jupiter in 2015, having previously held an equity research analyst role at Fidelity. Ripley spent 10 years as a product specialist at BlackRock, before moving to Jupiter in August 2016 for the same role.
