Jupiter

Jupiter went into the black for the first half of 2010 with profits before tax of £14.6m compared to a loss of £6.5m for the same period last year.

Jupiter star manager Philip Gibbs will need to generate a higher return to obtain a performance fee this year after being forced to change the benchmark on his International Financials fund.

OBSR on Europe

Aberdeen's multi-manager team has boosted exposure to Europe and Asia across its equity portfolios in the past few weeks after reducing its US allocation.

SECTOR WATCH

Jupiter Financial Opportunities co-manager Guy de Blonay has moved a significant amount of the fund's large cash weighting back into the markets, particularly the Far East.

Jupiter's Philip Gibbs has rebuilt a strong stake in insurer Prudential, just months after offloading the stock over its proposed AIA takeover.

The BP effect

Investment Week would like to send its condolences to the family and friends of Jupiter fund manager Laurie Petar, who passed away yesterday after a long battle with prostate cancer.

INTERVIEW