Jupiter

Jupiter financials manager Guy de Blonay warns of challenging summer ahead for financials as markets digest macroeconomic worries

Innovation and competition are at the heart of the UK's vibrant and competitive fund management industry, which is second only to the US.

Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.

Amanda Sillars and David Lewis are joining Jupiter's Merlin fund of funds team, led by CIO John Chatfeild-Roberts, on 18 May.

Chinese inflation has reached a peak, according to Jupiter's Philip Ehrmann, who also believes monetary policy is likely to become more relaxed in the second half of this year.

Pressure from cheap passive investment products will put pressure on active managers to justify the fees they charge, said Jupiter's Edward Bonham Carter.

Jupiter income manager Tony Nutt has made the Sunday Times Rich List for the first time with a fortune of £76m.

Jupiter's chief investment officer John Chatfeild-Roberts has upped his weighting to Latin America across his £6bn Merlin multi-manager portfolios after taking profits in the region last month.

Anthony Nutt has almost halved the number of holdings in his £2.5bn Jupiter Income trust since 2007.

ON UK GROWTH