Jupiter

Retail investors return to dwindling sector after seven years of redeeming assets

Jupiter Asset Management is preparing the foundations for a possible IPO by seeking to amend its debt documents.

Investec UK sales director John Tevenan is leaving to take on a newly-created role at Jupiter.

Managers are growing increasingly cautious on short-term commercial property markets, with Ignis the latest to warn investors of a potential drop in capital values.

Jupiter manager believes low-rate environment will continue to be supportive for bonds as investors continue to search for yield in 2010

Jupiter's Merlin multi-manager range has built up a 9% market share of the growing UK fund of funds space, with close to £4bn in assets under management.

Jupiter CIO John Chatfeild-Roberts is keeping the strong recent inflows into his Merlin range in cash to allow him to invest into periods of weakness caused by heightened market volatility.

Jupiter's Philip Gibbs has opened up a net short position on "overvalued" UK commercial property stocks as the manager develops a number of early themes into his new Absolute Return fund.

M&G posted net retail sales of £5.6bn for the whole of 2009, putting it way ahead of second placed Invesco Perpetual on £3.62bn, according to Lipper.

Philip Gibbs, manager of Jupiter's Absolute Return, Financial Opportunities and Global Financials funds, comments on Obama's proposals for banking reform.