Jupiter Fund Management
150px | |
Public (LSE: JUP) | |
Industry | Investment management |
Founded | 1985 |
Headquarters | London, UK |
Key people
|
Jamie Dundas, Chairman Maarten Slendebroek CEO |
Revenue | £329.5 million (2015)[1] |
£164.2 million (2015)[1] | |
£132.1 million (2015)[1] | |
Website | www.jupiteram.com |
Jupiter Fund Management (LSE: JUP) is a UK fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, investment companies and institutional mandates, as well as providing wealth management services. The Company offers a variety of equity portfolios specialising in markets such as the UK, Europe, Asia and other emerging European nations, as well as multi-manager funds and specialist thematic investments such as absolute return funds, socially responsible investment funds and global financial funds. It also has a growing fixed interest franchise, with a focus on investing in high grade corporate bonds, strategic bonds and convertibles. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established by John Duffield in 1985[2] and later sold to German bank Commerzbank in two tranches in 1995 and 2000. John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management in 2001.[2]
Between 2000 and June 2007 Jupiter was headed by Joint Group Chief Executive's Jonathan Carey and Edward Bonham Carter. Jonathan Carey retired in 2010 after 23 years at the company.[3] Between June 2007 and March 2014, Jupiter was headed by Edward Bonham Carter (brother of leading British actress Helena Bonham Carter).[4]
Jupiter bought itself out from Commerzbank in a management buyout (MBO) in June 2007.[5] Around 95% of the company's staff then became shareholders. US private equity firm TA Associates supported the MBO and held a minority stake in the business.[3]
On 21 June 2010, Jupiter floated on the London Stock Exchange at 165p a share. Employees retained around 41% ownership of the Company on the day it listed and TA Associates reinvested in the business, taking its shareholding to around 22% on the day of admission to the London Stock Exchange.[6]
In December 2013, it was announced that Edward Bonham Carter would step down as chief executive on Jupiter in March 2014 and be replaced by Maarten Slendebroek.[7][8]
Key people
Jupiter is home to a number of well-known fund managers. John Chatfeild-Roberts joined Jupiter with his team from Lazard Asset Management in 2001: he manages fund of fund portfolios and in February 2010 took over as Chief Investment Officer.[9]
Philip Gibbs (great-grandson of First World War writer Sir Philip Gibbs) joined the company in 1997. He manages absolute return funds and while managing a financials fund, managed to make a positive return for investors in 2008,[10] despite the turmoil affecting the sector globally. He is due to retire from fund management in October 2014.[11] Anthony Nutt, who joined Jupiter in 1996, manages the Jupiter Income Trust while Alexander Darwall runs the Jupiter European Fund.[12]
References
<templatestyles src="Reflist/styles.css" />
Cite error: Invalid <references>
tag; parameter "group" is allowed only.
<references />
, or <references group="..." />
External links
- ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 2.0 2.1 John Duffield rebounds from fall of New Star Daily Telegraph, 15 April 2009
- ↑ 3.0 3.1 Jupiter deputy chairman Carey to retire City Wire, 8 December 2010
- ↑ Jupiter's £1bn IPO will brave market Daily Telegraph, 19 May 2010
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.