Jupiter chief executive Edward Bonham Carter is stepping down from day-to-day fund management and plans to hand control of his Undervalued Assets vehicle to new appointment Patrick Harrington.
Bonham Carter will hand over the reins at the end of March following a brief transition period. Jupiter says Bonham Carter has been on the lookout for a manager with a similar style and philosophy to take over for some time and expects Harrington to be a strong addition to the UK desk - which includes Philip Gibbs, Anthony Nutt, Ian McVeigh, and Ben Whitmore. Since assuming control of the Undervalued Assets fund from 2001, Bonham Carter has been top quartile in five out of the eight years, delivering a 16.33% return against a 14.57% decline for the IMA All Companies sector. Recent per...
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