Jupiter posts £1.2bn net inflow for 2013 as AUM hits record

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. T...