Jupiter appoints Spence head of ITs as Pavry set to exit

Pavry leaving in November

clock • 1 min read

Jupiter Asset Management has appointed Magnus Spence as head of investment trusts as the company looks to further develop this key business area.

Spence, who joined Jupiter in 2016 as head of alternatives, takes over responsibility for Jupiter's investment trust business from Richard Pavry, who will leave the firm in November. In his new, expanded role, Spence will continue to be responsible for the firm's alternatives business. Spence has nearly 20 years' experience in the alternatives asset management industry. Earlier this year, he was instrumental in the re-positioning of the Jupiter Monthly Alternative Income fund, a fund of investment trusts investing across a range of alternative assets. Before joining Jupiter he work...

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