jupiter redemptions gather pace
Jupiter Fund Management saw net outflows of £225m in Q4 as mutual fund redemptions gathered pace. But a positive market movement in the quarter led to an overall increase in AUM for the period, it said today.
Jupiter Fund Management saw net outflows of £225m in Q4 as mutual fund redemptions gathered pace. But a positive market movement in the quarter led to an overall increase in AUM for the period, it said today.
John Chatfeild-Roberts is to hand over lead manager duties for the Jupiter Global Managed Fund to Simon Somerville, in order to concentrate on his role as CIO of the group.
Poor-performing equity markets wiped nearly £3bn off Jupiter’s assets under management during Q3.
Jupiter Asset Management makes key changes to its Environmental Income Fund.
Jupiter has become the latest group to offer an energy fund, a global mandate run by Derek Pound.
Jupiters Ariel Bezalel is avoiding UK debt in favour of Australian and Canadian sovereign paper.
BlackRock has increased its holding in Jupiter Fund Management to 10%.
As Jupiter cuts cash, many IFAs see the move as a bid to grab opportunities.
Are investors who hold cash as well as their fund managers unecessarily doubling up on lower risk?
Jupiter’s half-year results report an increase in assets under management and reduced debt levels.
Cedric de Fonclare is to run Jupiter’s European Income Fund when Malcolm Millar leaves the firm.
John Chatfeild-Roberts, Philip Gibbs, Anthony Nutt and others at Jupiter have offloaded 31.3m shares