Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.
Jupiter is seeking unitholder approval to convert its European Income fund into a global income vehicle, with Sebastian Radcliffe and Gregory Herbert taking over as co-managers.
Standard Life Investments' £13bn Global Absolute Return Strategies (GARS) fund has bought back into European equities for the first time in over a year.
Jupiter's Tony Nutt has opened a new position in BT Group in his £37m split-cap Dividend & Growth trust.
Jupiter Fund Management scooped diversified group of the year at S&P Capital IQ's 2012 fund awards last night.
Jupiter Fund Management reported a £1.6bn increase in assets under management for the third quarter, supported by flows into more cautious funds such as Merlin Income, Strategic Bond and Global Convertibles.
Over the past year just eight ethical funds have managed to beat the FTSE All Share index, according to IFA firm Barchester Green Investment.