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Jupiter Merlin's Lawery to retire from fund management

Jupiter Merlin's Lawery to retire from fund management

Jupiter multi-manager Peter Lawery is to retire from fund management at the end of 2014, but will remain at the firm in a consultancy role, Wealth Manager can reveal.  

Lawery quit Lazard along with John Chatfeild-Roberts and Algy Smith-Maxwell in 2001 to set up the multi-manager proposition at Jupiter. The team was bolstered in May 2011 through the appointment of Amanda Sillars and David Lewis.

Lawery's input into the Jupiter Merlin Income Portfolio has helped to power a 103% return over the last 10 years against a 64% average by the IMA Mixed Investment 20%-60% sector. Meanwhile, the Jupiter Merlin Growth fund has returned 142% versus 89% in the IMA Flexible Investment sector over the same period.

Merlin head Chatfeild-Roberts commented: 'Peter has been a good friend and valued colleague for many years. He has not only contributed to our outperformance but has also helped build the team’s resources for the future, working closely with Algy and me to incorporate Amanda and David into the team.

'I would like to thank him for his tremendous support during this time and am delighted he will continue to provide input to the Merlin team and Jupiter more widely as a consultant.'

Lawery added: 'With Amanda and David fully integrated into the team, it felt like an opportune time to step back from my day to day focus on markets to concentrate on long term research and broadening some of my personal interests.

'I have thoroughly enjoyed my time working at Jupiter so far and look forward to contributing to both the Merlin team and the company in my new role as a consultant.'

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Peter Lawery
Peter Lawery
146/180 in Equity - Global Equities (Performance over 3 years) Average Total Return: 18.06%
John Chatfeild-Roberts
John Chatfeild-Roberts
156/180 in Equity - Global Equities (Performance over 3 years) Average Total Return: 16.73%
Algy Smith-Maxwell
Algy Smith-Maxwell
147/180 in Equity - Global Equities (Performance over 3 years) Average Total Return: 18.06%
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