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

Partner Insight: 2025 outlook: Five themes for a new economic landing

Partner Insight: 2025 outlook: Five themes for a new economic landing

Wheels down, elevation up

Saira Malik, Chief Investment Officer, Nuveen
clock 19 December 2024 • 1 min read
Partner Insight:  Q&A: Spotlight on income

Partner Insight: Q&A: Spotlight on income

Central banks embarking on interest rate cuts create an additional tailwind for fixed income investments. Yet, in some areas, like the corporate market, spreads remain tight, so diversification and flexibility remains key, says Dan Ivascyn, PIMCO's Group CIO, Managing Director.

Sarka Halas
clock 19 December 2024 • 2 min read
Partner Insight: Quality growth investing helps build resilient portfolios

Partner Insight: Quality growth investing helps build resilient portfolios

Investors seeking stocks to weather all market conditions may find solace in quality growth companies, which have historically proven their ability to deliver superior returns, says Obe Ejikeme, Fund Manager of FP Carmignac Global Equity Compounders.

Sarka Halas
clock 18 December 2024 • 7 min read
Trustpilot