Jupiter

Market declines just a 'knee-jerk reaction'

The pros and cons of CIOs stepping up to the CEO role.

We are not awash with great books about the industry we work in, so any new ones are always worth a look.

Jupiter is seeking to expand its stable of income-generating products in the second half of this year via the launch of an Enhanced Distribution portfolio and a fund for new hire Jason Pidcock.

Jupiter Fund Management has reported net inflows of £1.4bn for the six months to 30 June and a 74% rise in pre-tax profit over the same period.

Rathbones Unit Trust Management has seen its inflows more than halve compared to last year, reflecting a trend for outflows in the industry as a whole.

Ratings agency FundCalibre marks its first anniversary this week, and a look at the site's most popular portfolios hints at the investment trends making themselves felt so far in 2015 - and potentially in the months to follow.

Renewed underperformance by Newton and Jupiter's UK equity income funds has seen both fall back into Sanlam Private Wealth's 'Black List' of underperforming UK dividend-focused portfolios.

Simon Hynes is to re-join the industry as head of UK retail sales at Legal and General Investment Management, a year after he left Jupiter.

Jupiter is handing its £60m investment trust savings and ISA businesses to Hargreaves Lansdown to administer, in a deal for an undisclosed sum.