European equity team Niall Gallagher, Chris Sellers and Chris Legg from GAM Investments have decided to join Jupiter by the summer of 2025.
The trio currently manages near £1.4bn in assets across European strategies for GAM. Jupiter said the trio is expected to take over the existing European equity fund range at Jupiter “absent any further engagement with GAM in relation to the potential transfer of the funds currently managed by the European equity team”.
Gallagher has been at GAM since 2009, while Sellers joined in 2014 and Legg became part of the team in 2017. The team’s funds include the GAM Star Continental European Equity fund and GAM Star European Equity fund. In the past five years, the Continental European fund has returned 60.3% compared to a sector average 36.7%, while the European fund has returned 68.1% compared to a sector 40.4%, according to FE Analytics.
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Niall Gallagher, lead investment manager, added: “We are all delighted to be joining Jupiter, where the focus on truly active investment management, combined with a client-centric philosophy, strongly aligns with our approach. We look forward to working with our new colleagues to build our client base over time.”
The move follows Adrian Gosden and Chris Morrison’s move from GAM to Jupiter along with the £400m UK equity fund earlier this year.
Kiran Nandra, head of equities at Jupiter Asset Management, said: “As we realign our investment expertise within the core area of European equities, we are excited that Niall, Chris and Chris will be joining Jupiter. We believe that their strong investment track record and institutionally-driven investment approach will lead to improved client outcomes for a broader range of clients.”
