Jupiter saw its assets under management hit a new record in 2013, driven by strong flows into several key funds.
Jupiter saw assets under management swell to a record £31.7bn in 2013, and posted net inflows of £1.2bn into its fund range. Ben Whitmore's £1.3bn UK Special Situations, John Chatfeild-Roberts' Merlin Income, Ariel Bezalel's Strategic Bond, and the firm's European products in particular helped drive flows. Pre-tax profit came in at £114.1m, up from £73.6m in 2012, while the group's dividend per share rose 43% to 12.6p. Jupiter is preparing to sell off its wealth management arm, with bidders in the frame including Brown Shipley, Rathbones, Quilter, and Towry, according to reports. T...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
