Jupiter seeking approval to split Far Eastern fund

Jupiter is to restructure its £73m Far Eastern fund by removing all Japanese investments before hand...

Jupiter is to restructure its £73m Far Eastern fund by removing all Japanese investments before handing it to incoming manager Philip Ehrmann. The group is seeking unitholder approval to split the Asian portfolio in two before transferring its Japanese assets into the £68m Japan Income portfolio. Simon Somerville will continue to manage the integrated Japan Income fund but will pass control of his Far Eastern vehicle to former Gartmore manager Ehrmann, who joins this week. The Japanese assets transferring across to the income fund represent 51% of the Far Eastern portfolio. If changes ar...