Jupiter outflows balloon to £10bn following star stockpicker’s exit

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Financial Times 12h ago

Jupiter outflows balloon to £10bn following star stockpicker’s exit - Financial Times

Quick Summary:

Whitmore managed about £10bn for Jupiter at his peak, which accounted at the time for a fifth of Jupiter’s assets.

Beesley has taken other steps in an attempt to bolster the business, such as poaching an investment team from Origin in order to expand in global equities.

The fund group also listed an active exchange traded fund this month, in an attempt to attract customers by offering a bond fund strategy led by one of its managers in a lower-cost product.