Where will Siddles fit in at Jupiter
Robert Siddles joins Jupiter with a stellar reputation in US investing, but his continued success will depend upon a prolonged small cap rally, and how his new employer utilises his talents.
Robert Siddles joins Jupiter with a stellar reputation in US investing, but his continued success will depend upon a prolonged small cap rally, and how his new employer utilises his talents.
F&C’s US Smaller Companies Trust could find its premium come under pressure following the resignation of Robert Siddles, who has decided to join Jupiter.
Shoppers can finally begin loosening their belts but not if official data is to be believed.
Jupiter has appointed Richard Wilson as head of marketing, with responsibility for developing and executing the group’s global marketing strategy.
Jupiter’s Algy Smith-Maxwell is holding his interest in the property sector but has yet to find a buying opportunity in the asset class.
Five years on from the collapse of Lehman Brothers, and investors still today yearn for a return to monetary normality and, dare I say for the banks, a return to more antiquated times.
According to yesterday’s Financial Times: “The eurozone finally looks to be emerging from its worst recession on record”.
Jupiter’s AUM increased £3bn in the first half of the year following net mutual fund inflows of £426m, in what has been described as a period of robust performance by the firm’s chief executive.
Sanlam’s income study sees the addition of Unicorn and Chelverton’s small-cap income funds to its white list; Newton Higher Income and Jupiter Income have moved onto its grey and black lists respectively.
Year to date some $153bn has gone into developed market funds while $1.4bn has come out of emerging market portfolios globally, according to global fund flow data from BofA Merrill Lynch (BofAML).
European funds are the best performers over 20 years, FE data shows, yet six times in the past 10 years Europe has been the worst selling retail sector, according to IMA statistics.
As the news broke yesterday morning of Philip Gibbs’s impending retirement, the first call I received was from Jupiter asking why press coverage had neglected his long-term track record. To back it up they sent me some historic press clippings…