Spot the Dog: Merian acquisition hurts Jupiter but Invesco remains worst culprit
£49.6bn of investments in poor performing funds
Jupiter CEO Andrew Formica
The acquisition of Merian Global Investors has seen Jupiter Asset Management leap up the table of underperformance from ninth to second place, but Invesco retains the top spot for the sixth time, according to Bestinvest's biannual Spot the Dog report.
The report has identified 119 underperforming funds representing £49.6bn of investor capital, which must deliver a worse than market return for each of the last three 12-months periods and underperform...
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