Nutt: Why I am keeping my Jupiter stake despite retirement

Jupiter's Anthony Nutt has said now is a "good time" to retire despite markets offering what he sees as the best investment opportunity in over a decade.

Investment Week revealed today that Nutt is to retire in 2014, and will hand over his unit trust portfolios next year. Speaking to IW, Nutt said the rise to prominence of Jupiter's UK equity team meant he was comfortable choosing to bring the curtain down on his career. Indeed, the manager has so much faith in the managers taking over that he is thought to have backed that conviction with his own money. It is understood the manager has topped up his holding in the £2bn Jupiter Income trust even as he prepares to hand over the fund to Ben Whitmore on 1 January 2013. "It is a good...