Chatfeild-Roberts sells £2.3m Jupiter stake

Jupiter chief investment officer John Chatfeild-Roberts has sold a stake in the company worth almost £2.3m after exercising share options.

The head of the Merlin multi-manager team exercised options over 645,750 shares yesterday, according to a regulatory filing, selling them at a price of 354p per share. The shares represented 0.14% of Jupiter's total ordinary shares in issue. Chatfeild-Roberts (pictured) continues to hold almost 4.5m ordinary shares in the company, equivalent to a 0.972% stake. After rising by 72% between the start of 2012 and the end of 2013, Jupiter's share price has fallen back 7.7% so far this year, as a trickier time for equity markets has a knock on effect on asset manager share prices. In its...