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Jupiter Fund Management

British fund management company

Summary

British fund management company

Field	Value
name	Jupiter Fund Management plc
logo	Jupiter_Fund_Management_Logo.svg
image	Angela Hooper - The Zig Zag Building - 70 Victoria Street Westminster London SW1E 6SQ.jpg
image_caption	Headquarters at 70 Victoria Street
type	Public
traded_as
foundation	1985
location	London, UK
key_people	David Cruickshank, Chairman
Matthew Beasley, CEO
industry	Investment management
revenue	£402.5 million (2024)
operating_income	£86.4 million (2024)
net_income	£65.2 million (2024)
aum	£45.3 billion (2024)
homepage	www.jupiteram.com

Matthew Beasley, CEO ** Jupiter Fund Management** is a UK fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, investment companies and institutional mandates, as well as providing wealth management services. The Company offers a variety of equity portfolios specialising in markets such as the UK, Europe, Asia and other emerging European nations, as well as multi-manager funds and specialist thematic investments such as absolute return funds, socially responsible investment funds and global financial funds. It also has a growing fixed interest franchise, with a focus on investing in high grade corporate bonds, strategic bonds and convertibles. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established by John Duffield in 1985 and later sold to German bank Commerzbank in two tranches in 1995 and 2000. John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management in 2001. Between June 2007 and March 2014, Jupiter was headed by Edward Bonham Carter (brother of British actress Helena Bonham Carter).

Jupiter bought itself out from Commerzbank in a management buyout (MBO) in June 2007. Around 95% of the company's staff then became shareholders. US private equity firm TA Associates supported the MBO and held a minority stake in the business. In December 2013, it was announced that Edward Bonham Carter would step down as chief executive of Jupiter in March 2014 and be replaced by Maarten Slendebroek.

The company acquired Merian Global Investors for consideration of £370 million in July 2020.

Key people

Jupiter is home to a number of well-known fund managers. John Chatfeild-Roberts joined Jupiter with his team from Lazard Asset Management in 2001: he manages fund of fund portfolios and in February 2010 took over as chief investment officer.

References

"Board and Governance". Jupiter Fund Management.
"Annual Results 2024". Jupiter Fund Management.
[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5158025/John-Duffield-rebounds-from-fall-of-New-Star.html John Duffield rebounds from fall of New Star] Daily Telegraph, 15 April 2009
Between 2000 and June 2007 Jupiter was headed by Joint Group Chief Executives Jonathan Carey and Edward Bonham Carter. Jonathan Carey retired in 2010 after 23 years at the company.[http://citywire.co.uk/new-model-adviser/news/jupiter-deputy-chairman-carey-to-retire/a456594 Jupiter deputy chairman Carey to retire] City Wire, 8 December 2010
[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7738040/Jupiters-1bn-IPO-will-brave-market.html Jupiter's £1bn IPO will brave market] Daily Telegraph, 19 May 2010
(20 March 2007). "Commerzbank agrees to sell Jupiter to its management and TA Associates". Jupiter.
(16 June 2010). "Jupiter valued at £755m after 2x oversubscribed IPO". Investment Week.
(December 2013). "Jupiter chief quits amid rising pressure". FT.com.
"Chief Executive Bonham Carter to step down". eFinancial News.
(1 July 2020). "Jupiter faces challenges avoiding Standard Life Aberdeen fate as Merian deal completes". Portfolio Adviser.
(16 December 2010). "Jupiter's Chatfeild-Roberts advises caution on bonds". Portfolio Advisor.
"Ben Whitmore". Citywire.
(3 April 2019). "Alex Darwall steps down as manager of Jupiter European". Investors Chronicle.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

investment-management-companies-of-the-united-kingdom financial-services-companies-established-in-1985 companies-listed-on-the-london-stock-exchange 1985-establishments-in-the-united-kingdom companies-in-the-ftse-250-index asset-management-companies

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