Harrington has left Jupiter Asset Management. His departure was described as a ‘mutual decision’ by a spokesperson for the firm, but it comes at the end of a poor three years during which his £93 million Jupiter Undervalued Assets fund returned 20% compared to the FTSE All-Share’s return of 44%. Control of his Jupiter Undervalued Assets fund goes to Steve Davies.
The Jupiter Fund of Investment Trusts had performed much better, returning 60% over the last three years, although it lost 10% over the last year.
The £66 million Jupiter Monthly Income fund, which Harrington was also managing, goes to Curling.
Harrington had joined from investment manager OLIM and had previously been director of UK retail equity income funds at Henderson.
Curling currently manages the Jupiter UK Smaller Companies fund and has returned 72% over three years compared to the FTSE Small Cap index’s 56% over the same period.