Jupiter Asset Management head of emerging market debt Alejandro Arevalo (pictured) is exiting the firm after eight years.
He co-manages Jupiter’s range of EMD funds, which total £572m assets under management.
Arevalo joined Jupiter from Pioneer Investments, now Amundi, in 2016.
His fund management responsibilities will be taken over by co-manager Reza Karim, who will also become the firm’s head of EMD.
The funds include the Jupiter Emerging Market Debt strategy, which is a top-quartile performer in the Fixed Int – Emerging Markets sector, according to FE FundInfo data.
A Jupiter spokesperson said: “EMD is an important asset class for Jupiter. We believe we have a strong team in place, with the potential to materially increase our scale in this area, particularly in the institutional channel, as our clients’ needs continue to evolve.
“To this end, we will be looking to supplement the team with additional investment talent in due course.”
