Jupiter rising

Jupiter has seen a lot of change in its first 20 years of existence. Launched in 1985 by John Duffield, it has since built funds under management to £12.3bn (as at 31 March 2005) on the back of a string of star managers who were left to manage money, unconstrained by investment committees or internal process. The group's success brought interest from German-banking group Commerzbank, who took a 75% stake in the group in 1995 and created millionaires from the top to the bottom of the organisation. But the takeover led to a well-publicised spat in 2000 between Duffield and the German parent...