Jupiter takes hit as Merian clients pull £1bn

Pedro Gonçalves
clock
Jupiter takes hit as Merian clients pull £1bn

Jupiter Fund Management suffered £1bn in net outflows in Q3, as the firm was hit by investor exists following its acquisition of Merian Global. Jupiter told shareholders that its total funds under management stood at £55.7bn at the end of September, boosted by the arrival of £16.6bn as a result of the deal to buy Merian in February. Of the outflows from Merian branded products, £400m came from Merian's "systematic strategy". Jupiter said that approximately £100m could be linked to manag...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login