Jupiter cuts investment in unlisted assets for open-ended funds

Elliot Gulliver-Needham
clock • 1 min read

Jupiter Asset Management has changed policies on investing in unlisted assets for open-ended funds, following a change in "investor sentiment" towards riskier assets. In a letter to investors, chief executive Matthew Beesley announced that the firm had reached a deal to sell the entirety of its exposure to unlisted company Starling Bank, which is held in several of the firm's funds, to various existing shareholders such as investment trust Chrysallis. Beesley said in the letter, sent yesterday (7 February), that a majority of its stake in Starling was held in the firm's £1bn UK Mid Ca...

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