Jupiter merges, closes and overhauls six funds in January

Publishes 12-point plan

Eve Maddock-Jones
clock • 3 min read

In its continuing company overhaul, Jupiter Asset Management has outlined plans to merge or close on its website, detailing 12 ongoing or completed proposals so far.

The fund group's new CEO Matthew Beesley announced at the firm's Q3 trading update in October that it would be embarking on a "fund rationalising programme", which would see around 25% of Jupiter's funds merged, closed or repositioned. Just this month, the firm has informed shareholders of six different funds of either a closure, change in investment process or merger. The Merian European Equity (ex UK) fund is due to be closed, according to a letter sent to shareholders on 12 January. Jupiter splits CIO role and pushes on with fund restructuring plans In it, Jupiter said it had...

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