Jupiter to close Buxton's UK Growth trust as market cap plummets
Market cap falls to £26m
Richard Buxton, head of strategy, UK alpha, at Merian Global Investors
The board of the Jupiter UK Growth trust has opted to liquidate the vehicle as a result of a substantial decline in its total market capitalisation, following a period of sustained poor performance.
Richard Buxton was handed management duties of the trust in June, with the announcement coming in February following a period of poor performance under Steve Davies, who has now left Jupiter to pursue...
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