Jupiter AUM climbs 21pc

Assets under management rose 21% in the past year, according to Jupiters annual results.

Jupiter AUM climbs 21pc

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Assets have risen 21% from the £26.3bn of assets under management reported for the same period in 2012.
 
Net inflows accrued to £1.2bn, up from £1bn in the previous year.  Meanwhile pre-tax profits amounted to £114.1m, up from £73.6m last year. 
 
The firm attributed the profit growth to expanding its distribution network, which lifted its SICAV assets to £3bn by the end of 2013.
 
Looking ahead, the group said it was focusing on building its investment capabilities and hiring new managers as the business evolves. It also sees opportunities ahead in the savings market. 
 
“Structurally, savings markets around the world are undergoing great change. Ageing populations in many countries are being encouraged to save more for longer retirements governments can no longer afford to fund, while rising wealth in the world’s emerging markets is creating further new, attractive opportunities for fund managers to build assets under management,” outgoing chief executive Edward Bonham Carter said. 
 
After 14 years at the helm of the business, Bonham Carter will stand down on 17 March, his role to be taken on by Maarten Slendebroek.

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