Jupiter: ‘Mixed update’ for asset manager amid market volatility Investing 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 Investing 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 Investing 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 [...]
Jupiter investors accelerate exodus over departure of star stock-picker July 26, 2024 London funds house Jupiter saw outflows accelerate in the first six months of the year as investors grew nervous over the departure of star stock picker Ben Whitmore. In its half year report today, the FTSE 250 investment group said it had notched total net outflows of £3.4bn in the six months to the end [...]
Jupiter extends the exit of star fund manager June 5, 2024 Jupiter has said it has extended the departure of its star fund manager Ben Whitmore.
Asset management industry ‘under pressure’ as costs rocket May 7, 2024 The global asset management industry is coming “under pressure” globally this year as costs rocket at nearly twenty times the rate of revenues, Boston Consulting Group has warned.
Jupiter to keep £500m of flagship fund after manager’s exit April 28, 2024 FTSE 250 asset manager Jupiter is set to keep nearly £500m of the funds run by the departing fund manager Ben Whitmore.