Jupiter Fund Management’s total assets under management (AuM) rose to £35.7bn during the year ended 31 December 2015, up 12% compared with £31.9bn a year ago due to net inflows and market appreciation across the year.
The firm’s profit before tax was £164.6m, a 3% increase compared to £160m in 2014 driven by a rise in operating earnings and lower amortisation of intangibles, which more than offset the decrease in other gains.
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Jupiter Fund Management has reported EBITDA of £168.1m, up 8% compared to £155.6m a year ago as higher net management and performance fees were partly offset by an increase in underlying administrative expenses.
The firm’s net flows during 2015 were £1.9bn, compared to £0.9bn a year earlier. The company’s core mutual fund franchise achieved net flows of £2.1bn.
In 2016, the company said that it will continue along the path of deliberate diversification via primarily organic growth. The Group is also simplifying its SICAV funds’ fee structure by introducing an aggregated operating expense fee, standardised across similar funds and share classes within the SICAV range.
The group is planning to open new offices in Italy and Spain in 2016.
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By GlobalDataJupiter Fund Management CEO Maarten Slendebroek said: "2015 saw strong investment performance allied with increased revenues, continued profit growth and further strengthening of our liquidity and capital position.
"Despite more challenging market conditions in the second half, underlying earnings per share increased by 11 per cent and our resilient business model supported a 29 per cent increase in like-for-like dividends."
