Gibbs attacks former employer Jupiter in AGM outburst

clock

Ex-Jupiter manager Philip Gibbs has criticised his former employer in a public outburst at the company's annual general meeting, according to reports.

Gibbs (pictured), who ran the group's Absolute Return fund prior to his retirement last year, criticised the firm for the way he was treated during a period of underperformance. The manager said he was told by CIO John Chatfeild-Roberts that he was "lucky to have a job at Jupiter", leaving him "depressed" and barely able to "bring myself to go into Jupiter's offices", the FT reports. Gibbs subsequently told Investment Week that Chatfield-Roberts failed to take into account the "massive outperformance" of his Financial Opportunities fund, which returned nearly 800% during his tenure be...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

JPMAM's Karen Ward: Political uncertainty in markets has been replaced with 'policy uncertainty'

JPMAM's Karen Ward: Political uncertainty in markets has been replaced with 'policy uncertainty'

Same number of unknowns in 2025

Eve Maddock-Jones
clock 22 November 2024 • 4 min read
Stories of the Week: Fund groups record weaker net sales; ISA reform 'under review'; Ballie Gifford withdraws from climate initiatives

stories-fund-record-weaker-net-retail-sales-isa-reform-review-ballie-gifford-withdraws-climate-initiatives

Funds, ISAs and climate initiatives: The biggest stories from the world of investment and asset management this week

clock 22 November 2024 • 1 min read
Partner Insight: The attractions of the small-mid private equity segment

Partner Insight: The attractions of the small-mid private equity segment

New empirical research from Schroders Capital reveals that small and mid-sized private equity funds have outperformed large funds with greater resilience through economic cycles

Viswanathan Parameswar, Eufemiano Fuentes Perez and Verity Howells at Schroders
clock 19 November 2024 • 4 min read
Trustpilot