Asset Management

Jupiter suffers £10.3bn hit after star manager Whitmore’s exit

FTSE 250 firm said outflows were driven by more than £6bn pulled from strategies managed by the high-profile investor

‘Short-term outflows inevitably follow management changes’, CEO says
‘Short-term outflows inevitably follow management changes’, CEO says Photo: LightRocket/Getty Images

Jupiter, the FTSE 250-listed fund management group, saw net outflows of more than £10bn last year following the exit of one of its best-known stockpickers.

Full-year results for Jupiter, published on 27 February, showed investors pulled £10.3bn during the 12 months to the end of December, a period that coincided with the exit of star fund manager Ben Whitmore.

WSJ Logo