Jupiter Fund Management's AUM fell by 19% over the first half of 2022 to £48.8bn amid net outflows of £3.6bn and declining markets, a result CEO Andrew Formica (pictured) described as "disappointing". According to its half-yearly results, the group experienced gross inflows of £6.9bn but this was not enough to overturn the aforementioned flood of outflows. Alongside net outflows, a general market decline brought the firm's AUM down from £60.5bn at 31 December 2021 to £48.8bn at the end of June. Much of this decrease came late in the period, with market declines totalling £3bn June a...
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