Jupiter

Jupiter has promoted Mike Buhl-Nielsen to lead manager on its Europa fund as Stephen Pearson steps back to focus on his deputy chief investment officer responsibilities.

Fund buyers have been selling out of high yield bond funds as liquidity dries up in the secondary market and they predict little value remains in the asset class.

Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.

Jupiter's £400m Ecology fund has added a second benchmark, the FTSE Environmental Technology 100 index, as manager Charlie Thomas proclaims environmental investing has "come of age".

Fund group CEOs have blamed the impact of RDR for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.

Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.

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.