Jupiter has announced Stephen Mitchell will take on the management of the Jupiter Global Managed fund from 2 March. Mitchell joined the London-headquartered firm in February as head of Strategy, global equities.
The aim of the fund is to achieve long-term capital growth principally through investment in equities on an international basis. With Mitchell’s appointment, the fund will hold a smaller number of stocks, focusing on companies with strong business models, proven management, sound balance sheets and favourable long term growth prospects.
Jupiter said Mitchell has a stock-picking approach with an unconstrained style, “meaning he has the freedom to invest as he sees fit subject to the constraints set by the fund’s objective.”
Stephen Pearson, head of Investments at Jupiter Asset Management, said: “Global equities is an important and growing asset class with the opportunity to add significant value for investors from an active management style. Stephen’s experience and proven investment process combined with the ability to invest across the globe without benchmark constraints will, we believe, drive returns for investors over the long term.”
Launched in 1998, the global managed fund can invest more than 35% of its value in securities issued or guaranteed by an EEA state. Its benchmark is the FTSE World Index and as at 31 January 2015, the fund managed £316m (€434.8m).