Jupiter's Gibbs to hand over split-cap trust a year early

Philip Gibbs will hand over managerial responsibilities for the Jupiter Second Split trust to Miles Geldard this November, the company's board has announced.

The trust will be taken over by Geldard, head of fixed interest and multi-asset at Jupiter, ahead of the its planned wind up in October 2014. Gibbs (pictured) was planning to run the trust until he retired from the industry next October, but has now decided to bring forward his departure date. As Investment Week reported last month, Gibbs will hand over his £536m Absolute Return OEIC to recent hire James Clunie this September, ahead of his retirement. Gordon Campbell, chairman of Jupiter Second Split trust, said: "Philip has delivered outstanding returns for shareholders in the com...