UK equity manager James Clunie has left his role at Scottish Widows Investment Partnership (SWIP) to join Jupiter Asset Management.
Clunie (pictured) ran the SWIP UK Flexible Strategy fund since joining the group in April 2007, and also briefly ran the SWIP UK Opportunities fund on an interim basis last year.
He will join Jupiter in July to help develop its total return and equity long-short offering.
Jupiter said: "We are delighted to have attracted someone of his calibre as we seek to grow our share in these markets."
Tony Foster, who has been investment director at SWIP for 13 years, will assume responsibility for the firm's UK Flexible Strategy fund, and Mark Phillips will continue as a back-up manager on the strategy.
The Flexible Strategy fund has made 23% over three years to 5 April 2013, according to Morningstar, versus an average of 3% for the IMA Specialist sector.
A spokesperson for the group said there are no specific plans to hire a replacement for Clunie at this time. SWIP has a 14-strong global equities team, led by Will Low.
Last year, it switched some of its active strategies to a more passive investment approach in an overhaul of its £54bn equities business. The move led to the loss of 23 investment management jobs.
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