From Morningstar:

Morningstar has placed Jupiter Asset Management’s £2.15 billion Special Situations fund under review following the resignation of lead portfolio manager Ben Whitmore. Co-manager Dermot Murphy and investment director Claudia Ripley will also be leaving. Responsibility for managing the fund passes to Alex Savvides, who joins from JO Hambro Capital Management. Analyst Daniel Nilsson states “Whitmore’s departure is disappointing.”

In addition to the resignation of Ben Whitmore, Morningstar previously reviewed Jupiter’s UK Mid Cap fund in December after the news of lead manager Richard Watts’ resignation. The Jupiter Income Trust, also managed by Whitmore, faced review in December. Whitmore will run by Adrian Gosden and Chris Morrison when he leaves for his own fund. Jupiter Fund Management’s stocks are down almost 15% due to the departures and outflows from its strategies. referenced that they were expecting a “an incrementally more negative flow outcome than we had anticipated.” Mattew Beesley send good wishes to Ben Whitmore. Since the story is unfolding,it is yet to be updated.



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