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AA-rated ex-Rathbones manager added to Merlin Portfolios

AA-rated ex-Rathbones manager added to Merlin Portfolios

The Jupiter Merlin team has added the Evenlode Income fund, managed by Rathbones alumnus Hugh Yarrow, to two of its portfolios.

The managers - David Lewis, Peter Lawery, John Chatfeild-RobertsAlgy Smith-Maxwell and Amanda Sillars - have bought into Evenlode Income for their Jupiter Merlin Balanced and Jupiter Merlin Conservative funds.

The team noted that Citywire AA-rated Yarrow (pictured) had 'spent the early years of his career at Rathbones where he worked alongside Carl Stick'. Stick is also AA rated and manages the Rathbone Income fund. Yarrow joined Rathbones in 2002, departing for Oxfordshire-based Wise Investment in 2009.

Yarrow's Evenlode Income fund has returned 49.6% over the past three years, compared with an average of 40.1% from the UK Equity Income sector. Rathbone Income has generated 47% through the same period.

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