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Petheram replaces Bezalel on Jupiter High & Monthly Income funds

Rhys Petheram is to take over the fixed income portion of the Jupiter High Income Fund from Ariel Bezalel in the New Year. 

'With Rhys taking on these additional duties, it will leave Ariel Bezalel free to concentrate on managing the Jupiter Strategic Bond Fund and his Jupiter Dynamic Bond Fund, which continue to see healthy inflows and together account for £2.3 billion of assets under management,' Stephen Pearson, head of investments at Jupiter said in a statement.

The firm added it was an 'extension of an already successful partnership' as Alastair Gunn, who has managed the High Income fund since July 2013, also manages the Distribution fund with Petheram.

Petheram will also be taking over the fixed income portion of the Jupiter Monthly Income fund from Bezalel.

According to Lipper, the Jupiter High Income fund has returned 40.1% over the last three years versus a 29% gain in the LCI UK Balanced index.

Meanwhile the Monthly Income fund has returned 37.5% over the last three years.

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