Jupiter pushes Pidcock fund launch back to February

Building new Asian Income strategy

Jupiter has pushed back the launch of Jason Pidcock's Asian Income fund from 1 December to 15 February next year.

Fund buyers have been eagerly awaiting the launch ever since Pidcock (pictured) left Newton, where he ran the £4.4bn Asian Income fund, in May to join Jupiter. It was announced Pidcock would help build a new Asian Income strategy at the group, given his previous expertise. At the time, Jupiter said the new fund will follow an income-based, larger-cap investment strategy. Since Pidcock's departure, the Newton Asian Income fund's assets have dropped to £2.3bn, according to the latest FE Trustnet figures. Newton has restructured its emerging market and Asian teams under the leaders...