Jupiter to change its Neptune fund of funds' remit and name for retail market

Jupiter has opened up its Neptune fund of funds to the wider retail market. The fund, which has been run with a predominant fettered bias, was created as a housing vehicle for employees' money following a legal battle over the New Star Investment Trust. The fund will continue to be run by Jupiter's Independent funds team, led by John Chatfeild-Roberts, but as part of the move, Jupiter is changing the remit of the fund. Where previously half its assets were invested in Jupiter's in-house portfolios, the fund will now be completely unfettered. The £41m fund will change its name to Jupiter Me...