The £1.4bn Jupiter Income Trust is set to rebrand following the departure of fund manager Ben Whitmore (pictured).
In a letter to investors, stakeholders were notified that the strategy’s name will change to the Jupiter UK Income fund on 19 April.
Meanwhile, Adrian Gosden and Chris Morrison stepped up to manage the fund on 2 April, replacing Whitmore. The duo arrived from GAM last November.
However, Jupiter said the strategy’s investment objective and policy will not change for now.
Whitmore’s departure, alongside fellow Jupiter colleagues Claudia Ripley and Dermot Murphy, was announced back in January. The trio are setting up a value equities boutique, registered on Companies House as Brickwood Asset Management.
Following the announcement, the asset manager hired JO Hambro’s Alex Savvides to head up its £1.8bn Jupiter UK Special Situations fund, which Whitmore has managed since 2006.
The Jupiter Income Trust has returned 26.3% over the last three years, placing it in the top quartile of the IA UK Equity Income sector, according to FE Fundinfo.
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