Jupiter Assets Rise In Third Quarter

Oct 21 2010 | 4:54pm ET

Jupiter Asset Management's first quarter as a public company was a successful one, at least in terms of assets under management. The London-based firm saw its funds grow by 12% in the third quarter to £22.2 billion, topping analysts' expectations.

The firm managed slightly less than £20 billion in June, when it raised £220 million in its initial public offering. In contrast to most alternative investment IPOs, Jupiter's has proven a success, with shares rising nearly 50% during their first four months of trading.

Jupiter said that net inflows accounted for £734 million of the asset increase, with investment performance accounting for £1.6 billion. The firm has not yet released profit figures for the quarter.

"Trading conditions are in line with management expectations and the group remains confident of its prospects for the full year," Jupiter said.

All of the growth, however, what outside of Jupiter's hedge fund unit, which actually saw a £13 million net outflow. Most of the inflows went to its mutual funds.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note