He has assisted manager Cedric de Fonclare since joining the European equities team in 2007. He has also been involved in the management of the European Special Situations Fund and the European Opportunities Sicav.
Herbert, who has been with the firm since 2005, took over as manager of the European portion of the Jupiter Global Managed Fund in January 2012. In this time it has returned 19.3% against 13.1% for the FTSE World Europe ex UK Index.
Fonclare will become deputy manager of the European Income fund. In his time at the helm, returns have been 14.5% compared to 11.8% for the IMA European ex UK sector average and 10.2% for the MSCI Europe ex UK index.
John Chatfeild-Roberts, chief investment officer of Jupiter Asset Management, said: “Cédric’s performance record has enabled him to establish a strong following among fund buyers and it is pleasing that Gregory has developed considerable skill in his own right as an analyst and fund manager since joining the team. We are delighted to be able to recognise this by extending his fund management responsibilities.”
