Jupiter

Jupiter Fund Management saw a net outflow in Q4 following the loss of a segregated mandate and closure of its Split Capital trust.

Jupiter managers Philip Ehrmann and Kathryn Langridge are to leave the company as it rejigs its emerging markets team, Professional Adviser's sister title Investment Week can reveal.

Fund managers are urging caution following a dramatic week for investors, saying the traditional strategy of buying on market falls may no longer make sense.

Jupiter Fund Management saw a net inflow of more than £1bn into its fund range in the nine months to September, a period in which it concluded the sale of its private client business to Rathbones.

Jupiter non-executive chairman Jamie Dundas has decided to step down because of ill health.

Jupiter Asset Management's Derek Pound is to leave after 20 years of service as the group shuts its Global Energy fund, Professional Adviser's sister title Investment Week can reveal.

Jupiter has reported an 18% fall in its profits in the first half of 2014, with the group incurring £5.3m of costs from selling its private client business.

Funds from Schroders, Jupiter, and Henderson Global Investors are dominating Chelsea Financial Services' new ratings service, FundCalibre.

Jupiter Asset Management's Peter Lawery, a key part of the group's Merlin multi-manager team headed by John Chatfeild-Roberts, is to retire at the end of the year.

Ian McVeigh and Steve Davies, managers of the £1.1bn Jupiter UK Growth fund, have said domestic investors should be wary of a number of ‘disruptive events' which could impact share prices over the next 12 months.