In its continuing company overhaul, Jupiter Asset Management has outlined plans to merge or close on its website, detailing 12 ongoing or completed proposals so far.
The fund group's new CEO Matthew Beesley announced at the firm's Q3 trading update in October that it would be embarking on a "fund rationalising programme", which would see around 25% of Jupiter's funds merged, closed or repositioned. Just this month, the firm has informed shareholders of six different funds of either a closure, change in investment process or merger. The Merian European Equity (ex UK) fund is due to be closed, according to a letter sent to shareholders on 12 January. Jupiter splits CIO role and pushes on with fund restructuring plans In it, Jupiter said it had...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
