Jupiter fund to be run by de Blonay

first_img John Dunne Share Jupiter fund to be run by de Blonay Investment house Jupiter said one of its highest-profile managers will take the lead role in its £1bn Financial Opportunities fund from the start of next year.Guy de Blonay will be lead manager, while incumbent Philip Gibbs will be his deputy and retain oversight of all the firm’s financials portfolios as head of the financials team.Swiss-born de Blonay joined Jupiter a year ago to co-manage the Financial Opportunities fund with Gibbs.But with Gibbs running six funds, concern had been raised by independent financial advisers – who advise retail clients – that running such a large range may put pressure on performance.Jupiter said Gibbs will focus on managing the £634m Absolute Return fund and the £170m International Financials fund.“It is prudent to shortly hand day-to-day management of the Financial Opportunities fund to Guy,” Gibbs said in a statement.Many had speculated Gibbs would hand over the reins of the flagship financials fund to de Blonay. In an interview with Reuters in January, Gibbs said he would be involved in the fund for the “foreseeable future.”The fund has grown 806.4 per cent since it launched in 1997, and was one of the few financial funds to sustain growth during the global crisis, returning 16 percent since the end of October 2007, according to Lipper data.It slipped 4.71 per cent in the 12 months to the end of October 2010.A law graduate from the University of Geneva, de Blonay joined Jupiter from Anglo-Australian rival Henderson Group where he had managed the New Star Global Financials fund since 2001.Jupiter has delighted investors since listing in June, its shares climbing more than 70 per cent from its flotation price, buoyed by strong sales of its fund products. Show Comments ▼ whatsappcenter_img whatsapp Monday 1 November 2010 10:08 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULLlast_img

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