Jupiter

Jupiter has made three new appointments with the hire of Kathryn Langridge and the promotion of two co-managers to Tony Nutt's Distribution fund.

UK INCOME

The board of the £42m Jupiter Green investment trust has made changes to the vehicle's investment policy following a strategic review.

Jupiter has promoted Alastair Gunn and Rhys Petheram to the role of co-managers of the £261m Distribution fund, alongside Anthony Nutt and John Hamilton.

Jupiter is planning a global emerging markets fund for Kathryn Langridge, who is joining the firm after a three-year stint at Lloyd George.

Jupiter shares have opened at 190.25p on the first day of full trading on the London Stock Exchange, a 15% increase on its offer price.

Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.

EMERGING MARKETS

A number of Henderson fund managers bought a 2% combined stake in Jupiter during the asset manager's IPO.

Senior Jupiter managers Tony Nutt, Philip Gibbs, Edward Bonham Carter and John Chatfeild-Roberts will together own almost 14% of the group following the IPO, valuing their stake at more than £105m.