Jupiter Fund Management presses on with Merian deal after AUM tumbles
Coronavirus has moved metrics of the merger in terms of margin and earnings improvements
Company
Jupiter Fund Management PLC
LON:JUP
Jupiter is an established fund management group that seeks to add value for our clients through the delivery of outperformance over the medium to long term. Our origins go back to 1985 as a specialist investment boutique founded in London. Since then we have expanded beyond the UK as retail and institutional investors have been attracted to our active approach to asset management.
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Investments and investor services
Balance of coronavirus risks for fund managers 'to the upside' — if markets don't fall further
Analysts at Barclays said even after downgrading earnings forecasts, most asset managers’ shares are still trading below their longer-term multiples
Investments and investor services
Coronavirus sparks record UK investor outflows; but passives sit back and enjoy inflows
Investors withdrew £3.1bn worth of fund holdings last month, three times the previous worst month
Jupiter knocked to ‘sell’ as Berenberg warns on ‘difficult market backdrop’
The bank said the asset manager’s retail focus and high equity exposure meant it was “particularly susceptible to a deterioration in investor sentiment”
Jupiter profits fall less than expected after exit of star manager
The total dividend of 17.1p was down 40% compared to the prior year in light of the fund manager's proposed £370mln acquisition of Merian Global Investors
Jupiter ascends as investors applaud Merian Global buy
Merian has £22.4bn under management and will significantly diversify Jupiter’s business
Jupiter hit by £1.3bn of outflows as Darwall departs
Assets were down £0.8bn over the three months to September and £2.6bn down over 12 months
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FTSE 100 closes firmly higher as traders upbeat on US, China trade, possible Brexit deal
The UK's blue-chip benchmark closed 60.72 points up at 7,247.08 on the day. On the week as a whole, it added nearly 1.3%
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
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Greggs on a roll after vegan success but can it keep up the momentum?
Greggs, Reckitt Benckiser and Provident Financial are among the companies reporting results on Tuesday
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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Jupiter's top European fund manager leaves to set up own business
Alexander Darwall has agreed not to compete with Jupiter’s open-ended funds for two years
City broker upgrades Jupiter Fund Management after pinching one of Woodford’s contracts
Last week, Jupiter won the contract to run the £300mln Omnis Income & Growth fund after Neil Woodford was dropped as manager following the recent suspension of his flagship fund
Investor rebellions in store for Lloyds, Metro Bank and G4S meetings
Ahead of Metro Bank's AGM, American founder Vernon Hill urged investors to “meet with the directors and express your views by attending, raising questions and voting”
Jupiter nabs new finance chief from rival Schroders
Wayne Mepham takes up his new role on 2 September and will also join Jupiter's board
UBS downgrades Jupiter as key portfolio manager steps aside
Research by the Swiss bank find departures of experienced portfolio manager around Europe led to their former funds suffering an average 15% of net outflows over the following 12 months
Jupiter Fund Management sees assets rise despite outflow
European Equities and the Fund of Funds saw the majority of the outflows
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FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Jupiter Fund Management shares boosted by UBS upgrade
UBS said its views Jupiter as a well-run assets manager but its key weakness has been its concentrated reliance of a small number of funds for flows and growth