Jupiter sees record post-IPO inflows in Q1

Jupiter has reported £872m in net inflows for the first three months of 2015, its highest quarterly figure since its initial public offering in 2010.

In a trading update, the group said inflows had once again been driven by funds such as Ariel Bezalel’s Strategic and Dynamic Bond funds, as well as European equity strategies run by the likes of Alexander Darwall. The group saw £883m in net inflows into its mutual funds, with £32m in segregated mandate outflows partially offset by £21m in investment trust flows. Market movements, meanwhile, added a further £2bn to the group’s funds under management, which now stand at £34.8bn. The figures follow a £626m net outflow in the fourth quarter of 2014, prompted by the withdrawal of £716m...