Watts and Williamson depart Jupiter to focus on Chrysalis

Service and Gilbert take on UK Mid Cap fund

James Baxter-Derrington
clock • 3 min read

Richard Watts and Nick Williamson are set to depart Jupiter to focus solely on Chrysalis, as part of a “significant revision” to the company’s structure.

According to a regulatory filing today (27 November), Watts and Williamson will be released from their Jupiter employment contracts from 31 March 2024, while the management contract between Chrysalis and Jupiter will terminate with effect from 1 April 2024, eschewing the six-month notice period. A management fee reduction of 35 basis points will be applied from 1 October 2023 to 31 March 2024, falling from 50 bps to 15 bps given the "likely limited investment activity in the current market environment pending the continuation vote". Chrysalis posts 'solid' trading update as holdings a...

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