Jupiter’s Anthony Nutt to hand over funds and retire

Anthony Nutt, a well-known income manager and head of UK equities at Jupiter Fund Management, is to hand over control of his unit trusts from January and retire in 2014.

Nutt, who turns 60 next year, will pass the management of the Jupiter Income Trust to Ben Whitmore from 1 January and of the Jupiter High Income Fund to Philip Matthews from 1 July.

Nutt has worked at Jupiter for 17 years.

During this time the high income fund has delivered a return of 352.2% compared with an average return of 161% for the IMA UK Equity & Bond Income sector since the fund’s launch in February 1996, placing it first in the sector.

The income trust, which Nutt took over on May 1 2000, has returned 109.1% against 87% for the IMA UK Equity Income sector average and double the 52.3% produced by the FTSE All Share Index in that period, placing the fund 14th in the sector.

In October Jupiter, a UK-listed company, reported assets under management of £24.9 billion (€31 billion), a rise of 6% in the third quarter.

©2012 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST