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Jupiter plans twin fund launches for recent star hires

Jupiter Fund Management is planning to launch two new funds in the second half of the year according to its CEO Maarten Slendebroek.

Jupiter plans twin fund launches for recent star hires

Jupiter Fund Management is planning to launch two new funds in September, according to its chief executive Maarten Slendebroek.

‘We launched a number of products in the first half of the year and we are working on a number of products that we are very excited about,’ said Slendebroek (pictured).

The fund house will launch a multi asset income fund for recently hired star manager Talib Sheikh and a US equity long short fund for Darren Starr, who also recently joined the firm.

The fund house also said it is planning a European equity product, but said it was uncertain when this would launch.

The portfolios will join a series of funds launched by Jupiter this year, including a UK version of its global value fund and its Merlin absolute return fund.

It also recently launched a global sustainable equities fund run by Abbie Llewellyn-Waters.

The news followed a challenging period at Jupiter, which experienced net outflows of £2.3 billion in the first six months of the year.

‘Compared to a year ago this new funds give us a lot more distribution points and access to more customers and the large majority of our managers are top quartile performers, but what I can’t control is the demand side,’ said Slendebroek.

He added: ‘Our funds that have over a £1 billion barrier are now a healthy mix of equity, bonds and absolute return funds. In very simple terms I want to make that list longer and provide diversity by strategy.’

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