In February last year Merian Global Investors agreed to be taken over by Jupiter.
Merian was only bought out of Old Mutual Wealth in 2018. It is thought the buyout team had hoped to grow the business significantly before floating it on the stock market.
However, the value of the business reportedly fell from around £580m at the time of the MBO to £240m when the deal with Jupiter completed. Merian suffered £4.3bn outflows of funds in the first half of last year, leaving it with £16.7bn at June 30. Jupiter had around £56bn under management at September 30.
Merian-branded funds took on the Jupiter name last month.