Jupiter revenues jump

Jupiter Asset Management said revenues soared by 27 per cent in 2010 after the the business pulled in new client funds and increased the money it makes from management fees.

Jupiter said total management fees rose to £230.5m from £182.1min its previous fiscal year, reflecting robust investment performance and a 27 per cent increase in net inflows to £2.3bn.

The positive net inflows helped Jupiter extend its run of positive net sales in its UK mutual funds business in every quarter since January 2000.

However, in its first annual results since listing, chief executive Edward Bonham Carter, brother of actress Helena, said he saw greater market volatility in 2011 after recent turmoil in the Middle East and Japan.

"As this week has demonstrated, such issues can cause significant short term volatility and markets are likely to remain range bound over the medium term as a result," he said.