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Jupiter names Gunn as Growth & Income fund manager

Jupiter names Gunn as Growth & Income fund manager

Jupiter has appointed Alastair Gunn as the manager of its Growth & Income fund, following the departure of Chris Watt in early 2016.

Gunn has taken over management of the £82.7 million fund, which targets long-term capital and income growth by mainly investing in UK companies.

He will be supported by the recently appointed product specialist Claudia Ripley, alongsdie the wider team. 

Gunn has been with Jupiter since 2007 and currently manages the equity portion of the Distribution and Distribution & Growth funds, alongside co-manager Rhys Petheram

Former manager of the fund Watt left Jupiter to join Aberforth Partners. He had managed Jupiter's Responsible Income and UK Alpha funds alongside the Growth & Income fund. 

Stephen Pearson, chief investment officer, said: 'Alastair has a built a strong track record on the multi-asset funds he co-manages and we are very pleased to appoint him as fund manager of the Jupiter Growth & Income Fund, his first standalone product.' 

The Growth & Income fund has returned 10% and 70.5% over three and five years against a sector average of 16.2% and 68.8% respectively. 

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