Jupiter US Smaller Companies manager Robert Siddles is retiring from the investment trust after managing it for two decades at both Jupiter and his former employer F&C.
The £104.2m investment trust’s board said in an RNS announcement on Thursday that Siddles (pictured), who has managed the portfolio since 2001, had decided to retire in April 2021 for “family reasons”.
“The board would like to extend its thanks to Robert for the strong long-term performance he has delivered to shareholders over the last 19 years across a variety of market conditions, and would like to wish Robert all the best in his retirement,” the announcement said.
It added options for the future management of the company are being reviewed and it will make a further announcement in due course.
Siddles has a fund management career spanning more than 30 years. He joined Jupiter in 2014 and previously worked at F&C, now BMO Gam, where he was a US smaller companies fund manager from 2001. Before that, he spent nine years at Gartmore Investment Management, the last five as head of US equities.
He has also worked at Capel-Cure Myers Capital Management as a US fund manager and accountancy firm Coopers & Lybrand.
Jupiter chief investment officer Stephen Pearson described Siddles as a “highly regarded fund manager”.
“We are very sorry to see Robert go, and would like to thank him for all his hard work and commitment to the company over his years at Jupiter. We wish him every happiness in his retirement,” he added.
“In light of Robert’s announcement, we are working closely with the board of the Jupiter US Smaller Companies trust to explore possible options for the future management of the trust.”
Jupiter US Smaller Companies performance versus sector (%)
| 1m | 3m | 6m | 1yr | 3yr | 5yr | 10yr | |
| Jupiter US Smaller Companies PLC | 2.83 | 5.88 | 29.47 | -7.45 | 13.94 | 68.83 | 170.14 |
| IT North American Smaller Companies TR in GB | 2.86 | 4.94 | 28.50 | -5.89 | 12.48 | 63.79 | 150.60 |
