Key Jupiter managers set for £140m windfall

clock

Jupiter's six most senior fund managers are set to own a stake worth about £140m following the asset manager's IPO.

Anthony Nutt, Philip Gibbs, Alex Darwall, John Chatfeild-Roberts, Ian McVeigh and CEO Edward Bonham Carter hold the largest individual stakes in the group, currently owning more than 31% of the company. Initial share sales could reap the managers between £43.5m and £79.2m. Assuming a 180p per-share mid-point of the global offer, the managers' stake will drop to 17.63%. Nutt, the Jupiter Income fund manager, will hold the largest stake at 4.9% - worth nearly £39m at the mid-point price. Financials manager Gibbs will hold a £27.2m position, while Bonham Carter's stake will be worth almo...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read