Langridge to run Jupiter GEM fund with mid-cap bias

Jupiter is preparing to launch a Global Emerging Markets fund for Kathryn Langridge, which will run with two-thirds of its assets in small and mid caps.

Langridge takes on her new mandate on 1 November, drawing on the resources of Jupiter's existing managers, including emerging Europe specialist Elena Shaftan and China manager Philip Ehrmann. The fund will have between 60 and 70 positions, with one-third of the fund each in small, mid and large caps, although she will not invest in stocks below $500m market cap. "I have a natural bias towards investing in mid caps," the manager says. "As long as I can identify good quality businesses, and management with integrity, and I can continue to identify valuation anomalies which will take som...