Jupiter to absorb GAM UK Equity Income fund as portfolio manager duo join

Adrian Gosden and Chris Morrison

Jupiter Asset Management has hired the co-portfolio managers of the £400m GAM UK Equity Income fund, which is set to be absorbed by the firm.

Once Adrian Gosden and Chris Morrison join Jupiter in January 2024, the asset manager will manage the fund under a subadvisory agreement until the portfolio is transferred to its platform later in 2024, subject to customary approvals. In a statement, GAM said there will be a "seamless transition" for clients to enable them to remain invested in the fund. Once the fund is transferred, it said there will be a 12-month revenue sharing arrangement between both firms. Artemis launches consumer brands fund for ex-GAM luxury equities manager Jupiter said Gosden and Morrison will also assu...