The board of the £49.4m Jupiter Global trust has proposed several changes which include altering the investment mandate and appointing Steve Davies, manager of the £1.6bn Jupiter UK Growth fund, to run the vehicle.
If the proposals are approved, Davies (pictured) will replace Richard Curling, who will continue to run the Jupiter Fund of Investment Trusts, the Jupiter Monthly Income fund and institutional assets,...
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client