FTSE 100 smashes intra day high as investors call Trump’s bluff Markets The FTSE 100 surpassed its all-time high on Thursday with investors unfazed by the latest barrage of trade threats from President Donald Trump. The UK’s flagship index rallied over one per cent in morning trading to over 8,970. This topped a previous intra-day record of 8,908.82 set on March 3. Miners pioneered Thursday’s jump with [...]
Jupiter snaps up UK’s largest asset manager for non-profits Investing Jupiter Fund Management has acquired CCLA – the UK’s largest investment manager for non-profit organisations – in a bid to expand its UK reach. The deal, which values CCLA at £100m on a 100 per cent equity basis, will mark Jupiter’s entry into the non-profit investment arena. The FTSE 250 firm will add CCLA’s £15.1bn [...]
Jupiter Asset Management launches its first hedge fund Investing Asset management giant Jupiter has launched its first ever hedge fund as it seeks to reposition itself away from the group’s traditional retail audience. Aimed at professional investors with a minimum investment of £500,000, the fund marks the company’s first entry into the nearly $5 trillion hedge fund market. The fund, called GEARx, is a [...]
Jupiter Fund Management stock price upgraded by City broker May 27, 2025 Jupiter Fund Management has been upgraded from a Hold to an Add by City broker Peel Hunt, with analysts praising the group’s cost-cutting programme. The asset management giant’s stock price target was increased from 76p to 90p by the broker, sending its stock price soaring nine per cent to 89p. Peel Hunt praised “early signs [...]
Jupiter: ‘Mixed update’ for asset manager amid market volatility April 24, 2025 Jupiter Fund Management saw assets fall by £1bn over the first three months of 2025, after funds were hit by investor withdrawals and market volatility. The stock price of the asset manager dipped two per cent this morning following the publication of what Investec described as “mixed” quarterly results. Analysts had been expecting Jupiter to [...]
UK asset managers brace for challenging quarterly results amid market crash April 16, 2025 UK asset managers are bracing for their quarterly results as the fund houses suffer double-digit drops in their share prices since Trump’s tariff regime caused markets to dive. While most UK asset managers have suffered a persistent trend of investors pulling money in favour of low-cost index funds, the firms have been able to rely [...]
Ben Whitmore: Jupiter’s former star stockpicker launches inaugural fund February 24, 2025 Star fund manager Ben Whitmore has launched his inaugural fund within his new boutique asset manager. Last year, Whitmore made a shock exit from Jupiter Asset Management, where he handled around a fifth of the firm’s assets. News of his exit sent Jupiter’s shares down nearly 15 per cent in a single day, and the fund house [...]
Jupiter loses another fund run by star stockpicker October 30, 2024 Asset manager Jupiter has lost another fund run by star stockpicker Ben Whitmore, as the mandate for an Omnis fund has been taken away from it following Whitmore’s departure. The £573m Omnis Income and Growth fund is set to be shifted to being managed by Ninety One, after being run by Whitmore since July 2019. [...]
Jupiter moves to keep control of Ben Whitmore’s fund as he heads for the exit October 24, 2024 Jupiter Asset Management has decided to hold on to the £616m fund mandate run by star manager Ben Whitmore despite attempts by him to bring the fund with him as he leaves.
Will private equity set its sights on AJ Bell, M&G or River Global after the Hargreaves Lansdown takeover? August 9, 2024 The takeover battle for Hargreaves Lansdown seemed to have finally reached a resolution this morning, and within hours of the details being announced, analysts were already speculating as to which London-listed asset manager could be next to fall to private equity. Ben Bathurst, analyst at RBC, said today that the planned investment by the private [...]