Jupiter Asset Management
Encyclopedia
Jupiter Fund Management is a UK
fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, multi-manager products, hedge funds, institutional mandates, and a variety of portfolios specializing in markets such as the UK, Europe
, Asia
and other emerging European nations, as well as specialist thematic investments such as socially responsible investments (SRI
) and global financial equities.
in 1985 and later sold to German
bank Commerzbank
in two tranche
s in 1995 and 2000. John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management
in 2001.
Since 2000, Jupiter has been headed by Edward Bonham Carter
(brother of leading British actress Helena Bonham Carter
).
Jupiter bought itself out from Commerzbank in a management buyout (MBO) in June 2007. Around 95% of the company's staff then became shareholders. US private equity firm TA Associates
supported the MBO and held a minority stake in the business.
On 21 June 2010, Jupiter floated on the London Stock Exchange at 165p a share. Employees retained around 41% ownership of the Company on the day it listed and TA Associates
reinvested in the business, taking its shareholding to around 22% on the day of admission to the London Stock Exchange.
Best multi-manager group in the 2009 Professional Adviser awards
Winner of the 2008 EDHEC survey which measures asset management companies on their ability to deliver alpha performance
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, multi-manager products, hedge funds, institutional mandates, and a variety of portfolios specializing in markets such as the UK, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
and other emerging European nations, as well as specialist thematic investments such as socially responsible investments (SRI
SRI
Sri may refer to:*Sri, a Hindu honorific; not to be confused with Sir, a title of respect used in several modern contexts*Sri Lanka, an island state at the south tip of India, formerly called Ceylon*SRi, a car specification badge...
) and global financial equities.
History
The company was established by John DuffieldJohn Duffield
John Duffield is the founder of Jupiter Fund Management, one of the largest funder managers operating in London.-Career:Born the son of a Doctor and educated at Harrow School, Duffield went into investment management and, having become manager of his wife's estates, moved to Switzerland as a tax...
in 1985 and later sold to German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
bank Commerzbank
Commerzbank
Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.-Activities:Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in investment banking in early 2000s and scaled back its Securities unit...
in two tranche
Tranche
In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion, and is cognate to English trench . In the financial sense of the word, each bond is a different slice of the deal's...
s in 1995 and 2000. John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management
New Star Asset Management
Henderson New Star was established in April 2009 when Henderson Group acquired New Star Asset Management and rebranded its UK retail business. Henderson New Star was rebranded Henderson Global Investors in April 2010....
in 2001.
Since 2000, Jupiter has been headed by Edward Bonham Carter
Edward Bonham Carter
Edward Henry Bonham Carter is an English fund manager.-Early life:Edward Henry Bonham Carter was born and raised in Golders Green, London. He is the elder son of Raymond Bonham Carter, who was a merchant banker, and Elena , a psychotherapist...
(brother of leading British actress Helena Bonham Carter
Helena Bonham Carter
Helena Bonham Carter is an English actress of film, stage, and television. She made her acting debut in a television adaptation of K. M. Peyton's A Pattern of Roses before winning her first film role as the titular character in Lady Jane...
).
Jupiter bought itself out from Commerzbank in a management buyout (MBO) in June 2007. Around 95% of the company's staff then became shareholders. US private equity firm TA Associates
TA Associates
TA Associates, founded in 1968, is one of the oldest private equity firms in the United States. The firm employs a hybrid strategy making growth capital investments in developing companies and acquiring mature companies through leveraged buyout and recapitalization transactions...
supported the MBO and held a minority stake in the business.
On 21 June 2010, Jupiter floated on the London Stock Exchange at 165p a share. Employees retained around 41% ownership of the Company on the day it listed and TA Associates
TA Associates
TA Associates, founded in 1968, is one of the oldest private equity firms in the United States. The firm employs a hybrid strategy making growth capital investments in developing companies and acquiring mature companies through leveraged buyout and recapitalization transactions...
reinvested in the business, taking its shareholding to around 22% on the day of admission to the London Stock Exchange.
Key people
As well as Edward Bonham Carter, Jupiter is home to a number of well-known fund managers. Philip Gibbs (great-grandson of First World War writer Sir Philip Gibbs) joined the company in 1997. He manages financial funds and managed to make a positive return for investors in 2008, despite the turmoil affecting the sector globally. Anthony Nutt, who joined Jupiter in 1996, manages income funds investing in the UK stock market and manages the company's flagship fund, the Jupiter Income Trust. John Chatfeild-Roberts joined Jupiter with his team from Lazard Asset Management in 2001: he manages fund of fund portfolios and in February 2010 took over as Chief Investment Officer.Awards
Among the key awards are:Best multi-manager group in the 2009 Professional Adviser awards
Winner of the 2008 EDHEC survey which measures asset management companies on their ability to deliver alpha performance