Jupiter Asset Management is splitting its CIO role into the two newly created positions of head of equities and head of fixed income, as new CEO Matthew Beesley pushes on with plans to restructure about a third of its funds.
According to Bloomberg, Jupiter will axe, merge or reposition about 30 of its approximately 100 funds. More information regarding the fund restructuring is expected to be part of the company's update to the market in its Q3 trading update on 20 October. A spokesperson for Jupiter told Investment Week: "Amid a rapidly changing investment landscape, it is important that we retain a clear focus on growing and developing our core strategies and design our range accordingly." "While the restructure of our product offering is ongoing, we believe we now have the right fund management teams i...
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