Jupiter’s flows prove it doesn’t need stars. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Jupiter, the fund management company, doesn’t let sentiment get in the way of pragmatic investment calls. It describes itself as a “high conviction active asset manager”. How else would 81 per cent of its investments have managed to beat the median performer after fees, over the last three years? And why else would it have attracted £3.6bn of net inflows in the first half – to which that median-beating performance added another £3bn?So it is little wonder that the company went with its conviction – and felt no compunction – in withdrawing nearly £300m from star fund manager Neil Woodford, after backing him for
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Jupiter’s flows prove it doesn’t need stars. FT Opening Quote, with commentary by...