Alexander Darwall will leave Jupiter Fund Management to set up his own fund house, Devon Equity Management, and is set to take the £985m Jupiter European Opportunities investment trust (JEO) he runs with him.
Jupiter announced yesterday evening (1 July) that Darwall had taken preparatory steps to "fulfil a long-held ambition [and] launch a small investment management business". Darwall has agreed not to...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow