Investors withdrew £1.1bn from strategies managed by Jupiter’s value team in the first quarter, while the change in management of the Chrysalis trust led to a £800m outflow.
In a trading update today (23 April), the asset manager reported net outflows of £1.6bn in the three months to 31 March, with £800m from each of the retail, wholesale and investment trusts and institutional channels. Excluding Chrysalis and value team outflows, Jupiter generated £300m underlying net inflows, comprising £400m net inflows in the retail, wholesale and investment trusts channel and a £100m outflow from the institutional channel. Alliance Trust replaces Jupiter with ARGA IM after Ben Whitmore exit The total outflows were offset by strong investment performance over the ...
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