Jupiter's Cable won't make 'wholesale' changes to Zimmerman's old fund

Tech firms among newcomers in reshuffled portfolio

Matt Cable has set about making small tweaks to a Jupiter UK Smaller Companies fund that was "a little bit out of shape", but reassured investors there would not be "vast, wholesale" changes from predecessor James Zimmerman's portfolio.

Cable, who has been managing the £333m fund since 1 August having joined Jupiter from M&G the previous month, told Investment Week he did not want to "second guess everything [Zimmerman] had decided". Jupiter's Whitmore replaces Neil Woodford on Omnis fund "James… had an absolutely fantastic track record and had done very well with the fund," said Cable. During Zimmerman's near-five-year tenure, the fund delivered an 80% gain, well ahead of its Numis Smaller Companies plus AIM benchmark's 19% return. However, Cable added, the portfolio was "out of shape", albeit for all "the bes...