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Merian acquisition sends Jupiter to the dog house with £4.1bn of underperforming funds
Tight race for runner up in Bestinvest’s Spot the Dog report with SJP and Schroders also sporting £4bn of dog funds
Jupiter has landed in the dog house thanks to its recent acquisition of rival Merian Global Investors which saw its level of underperforming assets more than double to £4.1bn in Bestinvest’s latest edition of Spot the Dog.
The twice-yearly report from Bestinvest revealed £49.6bn worth of savings were tied up in 119 dog funds, those that have underperformed the market more than 5% after fees over three years.
NI news: Man who stabbed victim in sustained and persistent attack jailed
Some readers may find the content of this report distressing (Image: Getty)
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A 24-year-old man who stabbed another man in an sustained and persistent attack was jailed for five years today.