Nutt seeks mid-cap value stocks

The £1.242bn Jupiter Income fund has consistently outperformed since Tony Nutt took over management three years ago

Tony Nutt has had a tough act to follow since taking over management of the giant Jupiter Income portfolio from William Littlewood in April 2000. Although he was already manager of the Jupiter High Income fund, Nutt was not a high-profile Jupiter manager at that time and his appointment provoked a cautious reaction from many investors. Before Nutt took over its management, the Jupiter Income fund had been suffering from relatively poor short-term performance due to its lack of exposure to the then-booming TMT sector. Nutt has been successful in boosting the fund's returns and has be...