Jupiter Fund Management said today its bill for financial failures such as Keydata has come to more than £5m.
Jupiter Fund Management today revealed it would be paying shareholders a 4.7p dividend as profit rose sharply to £42m while assets under management and net inflows also climbed.
Jupiter's John Chatfeild-Roberts upped exposure to Japan in his £6bn Merlin multi-manager range in February with the addition of the GLG Japan CoreAlpha fund.
Emerging markets are facing an "unpleasant cocktail" of macroeconomic headwinds, but these are cyclical pressures that represent a buying opportunity, says Jupiter's Kathryn Langridge.
Jupiter has promoted Philip Matthews to the role of deputy manager on the £2.5bn Jupiter Income trust, run by Anthony Nutt.
Guy de Blonay has turned over 20% of the £900m Jupiter Financial Opportunities fund, selling out of major Chinese banks and buying into US financials.
A raft of fund managers are taking profits in gold ahead of interest rate rises, while others argue the asset still offers long-term upside.
Jupiter's John Chatfeild-Roberts has introduced energy exposure into his £6bn Merlin multi-manager range to benefit from rising oil prices, driven by political turmoil in the Middle East.