Jupiter saw its assets under management hit a new record in 2013, driven by strong flows into several key funds.
Jupiter saw assets under management swell to a record £31.7bn in 2013, and posted net inflows of £1.2bn into its fund range.
Ben Whitmore's £1.3bn UK Special Situations, John Chatfeild-Roberts' Merlin Income, Ariel Bezalel's Strategic Bond, and the firm's European products in particular helped drive flows.
Pre-tax profit came in at £114.1m, up from £73.6m in 2012, while the group's dividend per share rose 43% to 12.6p.
Jupiter is preparing to sell off its wealth management arm, with bidders in the frame including Brown Shipley, Rathbones, Quilter, and Towry, according to reports. The private client business took in a £135m net inflow in 2013, according to today's results.
Edward Bonham Carter (pictured) is set to step back from his position as head of the FTSE 250-listed asset manager. He will take up the newly created position of vice chairman next month, with Maarten Slendebroek taking over as chief executive.
He said the next phase of growth will see Jupiter develop additional local presence in countries where significant assets can be raised.
"Our international distribution efforts have already lifted our SICAV AUM to £3bn by the end of 2013 and we would expect this to grow significantly as we extend our relationships with key distributors on a global basis," he said.
Bonham Carter added the group plans to continue to building its investment capabilities, developing existing talent and hiring new managers and product specialists as the business evolves.
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