Jupiter promotes Watt to replace Schroders-bound Matthews

Jupiter is to promote Chris Watt to take over Philip Matthews' £368m Jupiter Growth & Income fund on 1 May as the latter leaves for Schroders.

Watt has run the £50m Jupiter Responsible Income fund since January 2007 and will replace Matthews, who will move to Schroders to run Richard Buxton's UK Alpha Plus fund later this year. The group is also promoting Alastair Gunn to manage the equity portfolio of its £549m High Income fund. Gunn will take over from Anthony Nutt on 1 July. Gunn, meanwhile, has co-managed the Jupiter Distribution fund with bond manager Rhys Petheram since July 2010, and will work alongside Ariel Bezalel on High Income. "Our UK team remains at the heart of our equity proposition, blending highly experi...