Manager exodus and fund closures as Jupiter AM conducts review

James Clunie, Alastair Gunn and Michael Buhl-Nielsen to depart

James Baxter-Derrington
clock • 3 min read

Fund managers James Clunie, Alastair Gunn and Michael Buhl-Nielsen are all set to leave Jupiter Asset Management following a manager and fund review.

A "period of sustained underperformance" and "significant outflows" led the firm to conduct a review of the Jupiter Absolute Return fund, which resulted in the decision to appoint the Jupiter multi-asset team as managers of the fund from 1 January 2021. In a statement, the firm announced it would "retain the core proposition" of Clunie's fund but would take the opportunity to "review aspects of the investment process" while maintain the investment objective. Commenting on Clunie's departure, Ben Yearsley, director, Fairview Investing, said the problem with the absolute return fund lay...

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

Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Catch up on the discussion

Professional Adviser
clock 10 October 2025 • 1 min read
MPS Watchlist - Issue 4 - Out Now!

MPS Watchlist - Issue 4 - Out Now!

Professional Adviser
clock 10 October 2025 • 1 min read