Jupiter Fund Management reports £1.5bn outflows in Q4
Jupiter Fund Management
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Jupiter Fund Management reported £1.5bn of net outflows in the last quarter of 2018 as weak markets led to £5bn fall in assets under management to £42.7bn.
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Net mutual fund outflows were £1.7bn during the period, with some £1.3bn from fixed income strategy principally in Europe and the UK.
Segregated mandates saw a £0.2bn net inflow during the quarter from clients adding to their positions in existing portfolios.
The US Equity Long Short Fund was launched in the quarter adding to Jupiter's Liquid Alternatives offering. The US Small & Midcap Companies Fund was closed in the quarter contributing £12m to net outflows.