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Home / News / Jupiter delivers another year of net outflows as investors pull cash from Merian Gear
Jupiter delivers another year of net outflows as investors pull cash from Merian Gear
Merian accounts for £2.2bn of combined business’ £4bn net outflows despite only being acquired in July
Jupiter has been hit by £4bn of net outflows in 2020 after its inherited strategies from Merian including the Global Equity Absolute Return fund continued leaking cash.
The FTSE 250 fund group ended the year with a record £58.7bn in assets under management, up 37% from £42.8bn in 2019. Most of this was from its acquisition of Merian in July which added £16.6bn to the total.
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Home / News / Richard Buxton’s fund and 20 others to see Merian name dropped in Jupiter rebrand
Richard Buxton’s fund and 20 others to see Merian name dropped in Jupiter rebrand
14 funds keeping the Merian moniker in some capacity could lead to confusion
Richard Buxton’s £805m fund is among a slew of funds to drop the Merian moniker as Jupiter brings the products in line with its existing range following a brand refresh.
Around 20 of Merian’s branded products will adopt the Jupiter prefix and branding with immediate effect.
Buxton’s (pictured) UK Alpha fund is among the vehicles that will shed the Merian badge and come under the Jupiter banner.