Jupiter Fund Management Share Discussion Threads

[farrugia] 10/1/2024 08:26

he can't compete for two years!

[mr roper] 09/1/2024 12:39

With Whitmore going I'd expect a fair amount of aum to follow him out the door. Leaves a fair chunk of the remainder aum stuck in a couple of dominant strategies.

They've been burned like this before back in the Merien days..

[jubberjim] 09/1/2024 11:48

Left a bid here on the back of a brokers note where they made a case for 71 05 as target

Got some 5000 at 71.35 and little bit gobsmacked now if only if I can find the broker in question

Crazy market

[rogerrail] 09/1/2024 11:19

Sad fact is that the share price before this announcement reflected the news in the announcement. If October's update had been reaffirmed share price would be back towards the 120 level it hit then.

[g2theary] 09/1/2024 10:18

:\ sad here I think I'll be waiting for after results to but back now :) is 50p on the cards :(

[mpage] 09/1/2024 10:15

AUM is NOT growing.

AUM of £52.2bn. Well, that's just about the same as their AUM at 31 Dec 2017 SIX years ago (£50.2bn), on which they made a profit of £192.9m (underlying EPS 34.2p, div 32.6p).

Yes, Institutional mandates have finally been growing (although quite a bit of that would have been given to BW)but Retail is still bleeding. Overall position continues to be one of net outflows propped up by market.

And Whitmore oversees circa 20% current AUM.

Fund etfs might attract a small amount of US business but unlikely to save the day.

[mr roper] 09/1/2024 09:50

Whitmore is responsible for 10.5bn of that 52. The unknown is how much follows him out the door.

[thelongandtheshortandthetall] 09/1/2024 09:44

Agree blueprint. Fall way over done IMO.
All about AUM and that's growing. :)

[bluepeter1] 09/1/2024 09:33

Still 52.2bn AUM including 1.8bn institutional inflows..

[mpage] 09/1/2024 09:33

When the most principled fund manager at Jup decides he has to leave, you know that something internal hasn't been right for at least two years.

Advanced warning came in the announcement of new fund managers to run the Income Trust.

What an unimpressive board.

[chrisdgb] 09/1/2024 08:50

oh dear.....

[jasperthemonkeygod] 09/1/2024 08:21

back to square one

[rmorris94] 01/1/2024 10:24

Jupiter India 2nd most popular fund in Hargreaves Lansdown Times reports.

[rmorris94] 22/12/2023 09:16

With recent changes in economy , major risk on industry now should be competition from index funds. Think Jupiter could do well here given its relatively low TERs.

[rmorris94] 19/12/2023 08:49

Outperformed 250 last week and month by roughly 2x. Hopefully start of cyclical upturn.

[rmorris94] 11/12/2023 06:18

Built up a position with average price 91p. Reasons happy to hold: i)dividend, (ii) not in danger, (iii) Jupiter funds seem like some of best on Hargreaves Lansdown, (iv) lots of people have locked in fixed rates over last year as these mature will people start looking to get back into funds(?), (v) take over target(?). Thoughts?

[moneybeingmade] 21/11/2023 09:58

GAM’s UK equity team to transfer to Jupiter Asset Management
hxxps://www.wealthbriefing.com/html/article.php?id=199746

[sbb1x] 17/11/2023 18:12

Lovely blue day here

[rmorris94] 14/11/2023 20:00

Calling bottom :/

[fillipe] 03/11/2023 08:54

Mmmm, JUP quite nicely frisky today and in the upward.

f

[mpage] 03/11/2023 08:32

Merlin has always stressed the independent in it's name. And, oddly for cynics, it's true. Being embedded in JUTM gives them daily access to what fund managers are thinking, their concerns, market nuances etc. Plus many visiting experts and such things that are never publicized. This is part of the USP that would be lost if Merlin were hived off.

Also, you need to consider continuity. A separate operation might require some fund managers to be locked in longer than they might wish. Finally, the Merlin managers are partly rewarded with JUP equity. You can imagine how furious they've been in recent years. They can engaged privately with the exec for change (and have done so). This would not be possible if Merlin were outside the plc.

Buy lists are always rotated, but I find it encouraging that the much more demanding institutional consultants are increasingly recommending mandates. Yes, the margin is lower but the life of the contract is longer. Swings and roundabouts.

Now we just have to wait for interest rate expectations to fall and hopefully a sustained return to net inflows. Not holding my breath about the latter.

[freedomexpress747] 02/11/2023 19:32

Hi, I have the misfortune of holding a few of these...Some multimanagers are removing some Jupiter funds. However, the Merlin funds are really doing quite well. I suggest having these off into a separate business to create value.Also in the passing, Jupiter India doing well.Of course, when the whole market gets going again Financials should lift nicely.

[fillipe] 02/11/2023 11:05

A near-5% up-tick today ... nice to see, on top of the earlier small gains after the recent dip.

f

[clarea] 25/10/2023 12:00

Ultimately its all guess work until an rns comes out it could be a large holder dumping whatever the price to get out, fund outflows largest in years, eps forecasts downgraded, general market ftse 250 in particular getting mullered.

Or a combination of all of the above.