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Hamilton to exit as Jupiter merges bond and multi asset teams

Jupiter Asset Management has appointed Miles Geldard as head of its newly combined fixed income and multi asset team, which will see fixed income boss John Hamilton leave the firm.

 
Hamilton to exit as Jupiter merges bond and multi asset teams

Jupiter Asset Management (JUP.L) has appointed Miles Geldard (pictured) as head of its newly combined fixed income and multi asset team.

Geldard, who has over 18 years’ experience, runs the Jupiter Global Convertibles , Strategic Total Return and Strategic Reserve funds, supported by Lee Manzi and Joseph Chapman.

Jupiter said the new structure will enable the eight portfolio managers and analysts share ideas and resources as well as providing more focus and specialisation among team members. The combined value of the firm's fixed interest multi asset and convertibles portfolios amounts to around £2 billion.

John Hamilton, who has headed fixed income at Jupiter since 1991, will leave later in the year.

Rhys Petheram, co-manager of the Jupiter Distribution fund and alternate manager of the £234 million Jupiter Corporate Bond fund, will become co-manager of the Jupiter Corporate Bond fund, working alongside Hamilton until he leaves the company.

John Chatfeild-Roberts, chief investment officer, said: ‘With the combined team now managing some £2 billion and increasingly working together we felt it made sense to merge the teams under Miles’ leadership.

‘We are very grateful for John’s loyalty and focus on delivering strong performance for clients during his long career at Jupiter as well as a wider contribution to Jupiter’s business. We wish him all the best for the future.

'Rhys, who has worked closely with John for six years, has proven his abilities as a fund manager and his promotion to co-manager of the Corporate Bond fund is deserved recognition of his capabilities.'

Hamilton has been with Jupiter for almost 25 years and has managed the Corporate Bond fund since its launch in 1998. According to the firm the fund has returned 91.4% during this spell versus a 77.3% rise in the group and is ranked fifth out of the 26 funds with a matching track record.    

'Having been fortunate enough to be responsible for Jupiter’s fixed income division for more than two decades I now feel it is time to scale down my activities, pursue other interests and seek new opportunities,' Hamilton said. 

'It has been a privilege to have worked for a company as dynamic as Jupiter and witnessed how it has evolved and grown over the years. I wish the company continued success.'

The Jupiter Global Convertibles fund was down 1% compared with the 1.12% return for the FO Global Convertible TR sector and 4.42% for the UBS Global Convertibles Focus Hedge index between 1 October 2010 and the end of June this year.

The Jupiter Strategic Total Return fund has delivered 0.3% versus 5.29% for the FO Absolute Return Sector and 1.66% for the Euribor 1 Month Index in euros in the same time period.

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