Jupiter's Somerville to depart after 11 years

Carter has worked at Jupiter since 2008, when he joined from Odey Asset Management, and will be taking over lead management of the £576m Jupiter Japan Income. He has worked alongside Somerville (pictured) for eight years and is also lead manager on the Jupiter Japan Select SICAV fund. The Jupiter Japan Income has returned 0.6% over the year to 26 May, according to FE, versus losses of 3.7% by the IA Japan sector. Somerville, who has been at the firm for 11 years, is leaving to pursue a role at an institutional firm. Jupiter said there would be no change to the investment philoso...