Jupiter hires Newton manager for UK Growth as Davies exits

'Real rising star'

Jupiter Asset Management will replace Steve Davies as manager of its UK Growth strategy with Newton Investment Management’s Christopher Smith.

Smith, who has headed the £900m Newton UK Opportunities fund since January 2018, will join Jupiter in June, taking on responsibility for the £958m Jupiter UK Growth fund at the end of the month. Current manager Davies, who has gone through a recent period of poor performance, will leave the firm to pursue other opportunities, Jupiter said. He had recently been kicked off the management team of the Jupiter UK Growth investment trust and replaced with Merian's Richard Buxton. Jupiter shares boosted on £390m Merian GI acquisition deal Jupiter said James Moir, equities analyst since 20...