Jupiter

Jupiter is to promote Chris Watt to take over Philip Matthews' £368m Jupiter Growth & Income fund on 1 May as the latter leaves for Schroders.

This week commodities dominated the headlines after a hefty sell-off in the gold market; while Schroders moved to replace outgoing manager Richard Buxton with a double hire.

Jupiter said today it intends to use the money raised from the Cofunds sale to pay down debt as it unveiled a near £3bn rise in assets under management.

Investors and backers of Richard Buxton's UK Alpha Plus fund have reacted positively after the group revealed it has poached well known managers from Jupiter and Neptune to replace the outgoing star.

Morningstar has named the ten most popular investment trusts investors paid close attention to during Q1.

Jupiter is lining up a standalone global equity income vehicle after it was forced to shelve plans to convert its European Income fund into a global offering.

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Jupiter chief executive Edward Bonham Carter has criticised EU proposals to cap fund manager bonuses, saying the moves could jeopardise industry stability.