Jupiter breaks £30bn mark after strong Q4 flows

Jupiter has reported net fund flows of £458m for Q4 2013, taking its total assets under management to over £30bn for the first time.

The fund house said AUM as of 31 December stood at £31.7bn, up from £29.9bn at the end of Q3, after total net flows of £510m in the fourth quarter. As well as the £458m in mutual fund flows, the headline figure was driven by a return of inflows into Jupiter's segregated mandates, which took in £55m on the quarter. However, the private client division - rumoured to be of interest to a range of bidders including Rathbones - saw its first outflows for a year with a net £10m in redemptions. Jupiter made no mention of the recent speculation surrounding the business. Looking ahead, th...