From 1 May 2013, Chris Watt will take over as manager of the Jupiter Growth & Income Fund and the Jupiter UK Alpha Fund from Philip Matthews while Alastair Gunn will take on the management of the Jupiter High Income Fund from Anthony Nutt on 1 July 2013. Both will continue to work closely with other members of the team to support the investment process across all UK equity strategies.
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Both Alastair and Chris have developed strong track records for delivering outperformance on income-orientated portfolios.
Alastair, who joined Jupiter’s UK equities desk in 2007 to work with Anthony Nutt after a 20-year career as a sell-side investment analyst, was appointed co-manager of the Jupiter Distribution Fund alongside bond manager Rhys Petheram in July 2010. Since then the Fund has produced a top quartile return of 26.7% against 18.8% for the IMA Mixed Investment 0-35% shares sector average. Over the past year, the Fund has returned 11.3% against 8.0% for the sector average, placing it top quartile.*
Chris joined Jupiter in 1999 and has worked as part of the fund management team since 2000, principally on the UK Equity desk. He became deputy manager of the Jupiter UK Alpha Fund in July 2006, working alongside lead manager Ben Whitmore and in January 2007, was appointed manager of the Jupiter Responsible Income Fund (previously Jupiter Environmental Income). During the past three years the Jupiter Responsible Income Fund has delivered 40.2% against 33.6% for the IMA UK Equity Income sector average. Over the same time period, the Jupiter Growth & Income Fund has returned 42.0% against 31.3% for the IMA UK All Companies sector average.**
John Chatfeild-Roberts, chief investment officer of Jupiter Asset Management, said: "One of Jupiter’s great strengths is the depth of fund management talent in the Company. Our UK team remains at the heart of our equity proposition, blending highly experienced managers such as Ben Whitmore and Ian McVeigh, and emerging talent such as Steve Davies, Alastair Gunn and Chris Watt. It is pleasing to be in a position to ‘promote from within’ two managers who have demonstrated their ability to deliver outperformance over the medium to long term. We congratulate them on their new roles and wish Philip Matthews the best of luck in the next stage of his career."
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