Jupiter Asset Management has appointed Christopher Smith to manage its £958m UK Growth strategy as Steve Davies departs the business.
Smith will join Jupiter in June from Newton Investment Management where he has worked for almost a decade, starting out as a global oil and gas research analyst before becoming a UK equities research analyst in 2016. In January 2018, he took on lead responsibility for the Newton UK Opportunities Fund as portfolio manager, responsible for the running of £900m of AUM, also acting as alternate manager on the Newton UK Equity and UK Income Funds.
In his new role, Smith will take over the management of the £958m Jupiter UK Growth Fund, previouslty managed by Steve Davies, who is leaving the company to pursue other opportunities. Equities analyst James Moir, who has worked with Steve Davies on the investment strategy since 2017, will bring continuity for investors, enabling a smooth transition between managers.
Stephen Pearson, CIO at Jupiter, commented: "We are excited to welcome Chris to Jupiter. A bottom-up stock picker with a highly active, fundamentals-driven approach, Chris is a true growth investor and his style is clearly aligned with Jupiter's culture.
"At Jupiter we strongly believe in identifying and fostering future leaders and we believe Chris's proven track record in a period of considerable uncertainty for the UK economy sets him apart as a real rising star. While Jupiter's proposed deal with Merian Global Investors significantly strengthens our capabilities with the arrival of some established names in the UK all-cap equities space, it is important to us that we continue to nurture and develop emerging talent, ensuring we have the right people at the helm of every product in our range.
"We are confident that Chris's distinct investment style will enable the fund to focus on its growth objective while allowing a smooth transition for investors. We would like to thank Steve for his contribution over many years and his support through the transition period. We wish him every success in the future."