(LSE:JUP) is aUKfund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK basedmutual 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,EuropeAsiaand 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 theLondon Stock Exchangeand is a constituent of theFTSE 250 Index.
The company was established byJohn Duffieldin 19852and later sold toGermanbankCommerzbankin twotranchesin 1995 and 2000. John Duffield left in 2000 after a public row with the companys new owners and set up a rival fund group,New Star Asset Managementin 2001.2Between 2000 and June 2007 Jupiter was headed by Joint Group Chief Executives Jonathan Carey and Edward Bonham Carter. Jonathan Carey retired in 2010 after 23 years at the company.3Between June 2007 and March 2014, Jupiter was headed byEdward Bonham Carter(brother of British actressHelena Bonham Carter).4
Jupiter bought itself out from Commerzbank in a management buyout (MBO) in June 2007.5Around 95% of the companys staff then becameshareholders. US private equity firmTA Associatessupported the MBO and held a minority stake in the business.3On 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 andTA Associatesreinvested in the business, taking its shareholding to around 22% on the day of admission to the London Stock Exchange.6In 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.78
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.9Philip Gibbs (great-grandson of First World War writerSir 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 2008,10despite the turmoil affecting the sector globally. He is due to retire from fund management in October 2014.11Anthony Nutt, who joined Jupiter in 1996, manages the Jupiter Income Trust while Alexander Darwall runs the Jupiter European Fund.12
John Duffield rebounds from fall of New StarDaily Telegraph, 15 April 2009
Jupiter deputy chairman Carey to retireCity Wire, 8 December 2010
Jupiters 1bn IPO will brave marketDaily Telegraph, 19 May 2010
Commerzbank agrees to sell Jupiter to its management and TA Associates. Jupiter. 20 March 2007
Jupiter valued at 755m after 2x oversubscribed IPO. Investment Week. 16 June 2010
Jupiter chief quits amid rising pressure. . December 2013
Chief Executive Bonham Carter to step down. eFinancial News
Jupiters Chatfeild-Roberts advises caution on bonds. Portfolio Advisor. 16 December 2010. Archived fromthe originalon 7 March 2011
Wall Street Journal (January 7, 2009).Jupiter funds Gibbs scores positive return for 2008.
CityWire (16 July 2013).Philip Gibbs to retire from fund management.
Investment management companies of the United Kingdom
Financial services companies established in 1985
This page was last edited on 28 March 2019, at 18:59