Jupiter proposes merger of Mark Nash bond portfolios

Bond fund consolidation

Jupiter Asset Management has proposed the merger of two bond funds run by Mark Nash, as it proceeds with its product consolidation plans.

The firm has proposed folding the Jupiter Flexible Macro fund into the Merian Global Strategic Bond fund, which would be renamed Jupiter Global Macro Bond. In a letter to the Jupiter Flexible Macro clients, Jupiter laid out the planned chain of events, with the merger timetabled to happen on 29 September 2023, once it receives approval from shareholders and regulators. Jupiter closes absolute return fund due to 'dwindling demand' Clients have until 10am on 21 August 2023 to vote on the merger, with the extraordinary resolution requiring 75% of the votes to pass. According to Jup...