Jupiter Reports £1.6 Billion of Client Outflows But Assets Rise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2024
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Source: Bloomberg
- Client Withdrawals: Jupiter faced net withdrawals of £1.6 billion in the first quarter of 2024, contributing to years of outflows.
- Outflows Breakdown: Half of the outflows were from Chrysalis Investment Trust, and the other half was from the firm's value strategies.
- Assets Under Management: Despite the outflows, positive market returns increased assets under management to £52.6 billion by March 2024.
- CEO Challenges: Chief Executive Officer Andrew Formica has been working to reverse the trend of outflows since taking over in October 2022.
- Industry Challenges: Jupiter is dealing with industry-wide challenges and preparing for the departure of a key UK equities money manager.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
