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Headline : MARKET REPORT: Star stock pickers exit casts gloom on Jupiter Fund Management

Read more from the original article on here at www.dailymail.co.uk.





Tags : #market #report #star #stock #pickers #exit #casts #gloom #jupiter #fund #management


No. of Paragraph 29

The departure of a star stock picker was evident in results from Jupiter Fund Management, which showed outflows accelerating in the first six months of the year.

The FTSE 250-listed investment group reported total net outflows of £3.4billion in the six months to the end of June, up from £2.2billion at the end of last year.

Of that, £2.4billion came from value funds managed by departing Ben Whitmore, who is starting his own boutique firm, Brickwood Asset Management, having been widely regarded as one of the best fund managers in the Square Mile.

Jupiter's total assets under management were below analysts' expectations to £51.3billion, down from £51.4billion a year earlier.

Read more from the original article on here at www.dailymail.co.uk.


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