Jupiter profits down 18% on Rathbones deal but inflows drive up AUM

Profits for the half year to 30 June fell from £59.1m to £48.4m, with the cost of transferring its private client business to Rathbones a major factor.   Profits were also hit by another one-off factor, as last year's figure included a gain of £6.7m made from the sale of its Cofunds stake.   Crucially net revenues increased 6% to £148.5m, supported by inflows into its fixed income range and a number of mandate wins from larger clients.   The group saw its assets under management climb to £3.1bn following solid net inflows of £1.3bn, the majority of which went into its mutual fun...