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Hamilton to exit as Jupiter merges bond and multi asset teams
by Emma Dunkley on Jul 10, 2012 at 15:13
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.
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