Manager exodus and fund closures as Jupiter AM conducts review

James Clunie among high-profile departures

James Baxter-Derrington
clock • 3 min read

Fund managers James Clunie, Alastair Gunn and Michael Buhl-Nielsen are all set to leave Jupiter Asset Management following a manager and fund review.

A "period of sustained underperformance" and "significant outflows" led the firm to conduct a review of the Jupiter Absolute Return fund, which resulted in the decision to appoint the Jupiter multi-asset team as managers of the fund from 1 January 2021. In a statement, the firm announced it would "retain the core proposition" of Clunie's fund but would take the opportunity to "review aspects of the investment process" while maintain the investment objective. Investors pull £1bn from Merian funds after Jupiter acquisition Commenting on Clunie's departure, Ben Yearsley, director, Fai...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot