Jupiter Global Value Equity – October 2024 update
Following our last communication regarding the planned departure of the fund’s managers Ben Whitmore and Dermot Murphy and the removal of the Jupiter Global Value Equity fund from the Wealth Shortlist, we wanted to give clients an update on the current situation with the fund.
We remain in close and frequent contact with Jupiter regarding their plans for the fund and in our last communication, we indicated that Whitmore and Murphy would be leaving the firm in October. As it stands, Whitmore and Murphy are still employed by Jupiter and continue to manage the fund as they await regulatory approval for their own planned boutique investment company, Brickwood Asset Management.
Assuming regulatory approval is granted, Jupiter will re-assess the options for this fund. We expect these options to include conducting a due diligence process to assess the suitability of Brickwood Asset Management to run the fund for Jupiter under a sub-advisory basis as well as looking at the possibility of making new hires to continue to run the fund at Jupiter.
We will, of course, keep clients updated with any new information as and when we receive it from Jupiter. You can also read our previous update.
Annual Percentage Growth
| Sep 19 to Sep 20 | Sep 20 to Sep 21 | Sep 21 to Sep 22 | Sep 22 to Sep 23 | Sep 23 to Sep 24 | |
|---|---|---|---|---|---|
| Jupiter Global Value Equity fund | -11.39% | 33.25% | 4.54% | 12.74% | 5.06% |
| IA Global | 6.99% | 23.32% | -8.79% | 7.42% | 16.39% |
| MSCI AC World | 5.8% | 22.71% | -3.71% | 11.04% | 20.43% |
Past performance is not a guide to the future. Source: Lipper IM to 30/09/2024.
Find out more about Jupiter Global Value Equity including charges
