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.
Today Investment Week exclusively revealed Jupiter's Anthony Nutt was handing over his £2bn Income Trust next year ahead of his retirement in 2014, but is now the time to buy in?
Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.
Income giants Jupiter's Anthony Nutt and Invesco Perpetual's Neil Woodford are divided over the likelihood of the UK falling back into recession.
Anthony Nutt has almost halved the number of holdings in his £2.5bn Jupiter Income trust since 2007.
Jupiter's Tony Nutt has dismissed fears the UK is headed back into recession and believes equity prices and dividends have "significant upside" potential.
Tony Nutt's Jupiter Income trust has seen its payout to investors fall by 9% after the £2.52bn fund was hit by the BP crisis.
Senior Jupiter managers Tony Nutt, Philip Gibbs, Edward Bonham Carter and John Chatfeild-Roberts will together own almost 14% of the group following the IPO, valuing their stake at more than £105m.
Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.
Jupiter's six most senior fund managers are set to own a stake worth about £140m following the asset manager's IPO.