Jupiter has restructures the management teams across its funds with effect from 1 January 2014.
As part of the restructure, Jupiter’s Rhys Petheram will take over the responsibility of the £542 million Jupiter High Income fund replacing Ariel Bezalel effective from 1 January.
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Petheram will work alongside Alastair Gunn to co-manage the Jupiter Distribution Fund, while Bezalel will continue to manage the £1.7 billion Jupiter Strategic Bond fund and the Jupiter Dynamic Bond fund.
Gunn has been co-manager of the Jupiter High Income fund since July 2013. The High Income fund aims to grow its payout to investors and tends to hold more in equities and high yield bonds than the Distribution fund.
However, the objectives or processes behind the funds will remain unchanged.
Additionally, Petheram will take over the fixed income portion of the Jupiter Monthly Income fund alongside Richard Curling, who will continue to manage the equity portion of the fund.
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By GlobalDataStephen Pearson head of investments Jupiter said: "Bringing Rhys on to manage the fixed income portion of the Jupiter High Income fund alongside Alastair is a logical move which extends the partnership that has already provided investors in the Jupiter Distribution fund with top decile returns since 2010."
