Jupiter

ON UK GROWTH

Philip Gibbs will hand over managerial responsibilities for the Jupiter Second Split trust to Miles Geldard this November, the company's board has announced.

Jupiter CEO Edward Bonham Carter said the asset manager is unwilling to commit to a new pricing strategy because of continued uncertainty surrounding RDR implementation.

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.

Jupiter has reported net mutual fund flows of £426m for the first half of 2013 despite RDR "dampening" UK business.

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Elena Shaftan, manager of the Jupiter Emerging European Opportunities fund, reports on her findings from a recent research trip to Russia.

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Jupiter's Philip Gibbs is to hand over his £536m Absolute Return fund to recent hire James Clunie in September, ahead of his retirement in 2014.

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