Long-standing managers Radcliffe and Surtees exit Jupiter amid fund leadership restructure

Follows internal strategic review

Sebastian Radcliffe, head of strategy for US equities, and Ben Surtees, fund management director in the emerging markets team, are leaving Jupiter Asset Management following a review of the firm's investment capability and strategic direction for 2019.

Radcliffe joined the firm in 1998 and most recently held the role of head of strategy for US equities. He managed the £233m Jupiter North American Income and North American Equities funds, an co-managed the £16m Jupiter Global Equity Income fund with Gregory Herbert.  Following his departure, the North American Income fund will be taken over by Stuart Cox, while Herbert will become sole manager on the Equity Income vehicle. Herbert also manages the Jupiter European Income fund. Cox has been running the Jupiter Global Managed fund, which has a high exposure to US equity and a signif...