Jupiter has made an agreed bid to take over fund management group Whitehall Fund Managers. The group...
Jupiter has made an agreed bid to take over fund management group Whitehall Fund Managers. The group, which has around £50m under management, is owned by the UK Civil Service Benefits Society and offers two funds which are already managed by Jupiter: Whitehall UK Growth, run by Prakash Rajasekaran and Whitehall UK Income, which is run by Rebecca Williams. The bid is subject to contract and regulatory approval. Steve Glynn, joint managing director at Jupiter, said: "The purchase makes good sense for Jupiter as we've run the funds since launch. When we heard they were up for sale we thought...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes