Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a603451
Hamilton to exit as Jupiter merges bond and multi asset teams
Markets
by Emma Dunkley on Jul 10, 2012 at 15:13
Jupiter Asset Management has appointed Miles Geldard 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 £234m 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.'
He added: '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 peer 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.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the funds
Look up the shares
Look up the fund managers
More from us
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.