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    JUP   GB00B53P2009

JUPITER FUND MANAGEMENT PLC

(JUP)
  Report
Delayed Quote. Delayed London Stock Exchange - 12/03 11:35:05 am
233.8 GBX   -1.35%
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Jupiter Fund Management : Expands in US Institutional Market and Globally With Key Hires

08/18/2021 | 07:59am EST

UK-based asset manager meets rising institutional demand; sees growth in specialized active strategies

Jupiter Asset Management announced today its expanded commitment to the US institutional market to meet rising institutional interest in its strategies. Following a strong initial response, the firm is growing its US effort with the hiring of David Schrock, as head of US Institutional. Mr. Schrock will report to head of US distribution, Taylor Carrington, who established the Denver-based Jupiter office late in 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210818005263/en/

David Schrock, Head of US Institutional (Photo: Business Wire)

David Schrock, Head of US Institutional (Photo: Business Wire)

“This is an important strategic initiative for Jupiter and we’re making the necessary investments to be successful,” said Andrew Formica, chief executive officer. “Jupiter’s active alpha-centric platform meets institutional investors’ needs for innovative strategies they can’t get anywhere else.”

Jupiter’s selective US offering is built around four high-demand platforms: disruption and innovation, sustainable investing, emerging economies, and lower-correlated income and alternative strategies.

Jupiter and its partner, NZS Capital, the firm spearheading the disruption and innovation platform, have raised $1.2 billion of AUM since the two firms formed a strategic partnership in 2020*. The firm also believes that its sustainable investing platform, a focus at Jupiter since 1988, will satisfy institutional searches and requirements for active and authentic ESG strategies.

“We want to introduce the very best of Jupiter to our institutional partners in the US,” said Taylor Carrington, “and we are hiring the very best to establish strong, lasting relationships.”

David Schrock joined Jupiter in August and has 25 years in the industry. Most recently, he led the North American institutional business at Janus Henderson Investors.

“Attracting the best talent has high correlation with the best outcomes – this is true in terms of investment management as well as distribution talent,” said Warren Tonkinson, managing director of global distribution. “At Jupiter, we have been able to attract and retain both.”

Jupiter’s institutional commitment is global in scope. The UK-based manager is strengthening its outreach efforts with the hiring of 24-year industry veteran Adam Phua, head of Asian institutional. Most recently, Adam was managing director, head of Asia Pacific institutional sales for Allianz Global Investors. Jupiter will soon announce another key hire to the UK institutional team. The firm is also strengthening the support functions required to successfully reach and service institutional investors with key hires in marketing and operations.

*Source: Jupiter, gross AUM as at June 30, 2021

Jupiter Rising

Interesting fact: Jupiter will be most visible in the sky on August 19-20, 2021. That’s when earth will spin directly between the sun and Jupiter. Always bright, investors around the world will have the best, sun-illuminated view of Jupiter, the largest planet in our solar system, this year.

Optimal viewing times on August 20, 2021:

US investors: 8PM EDT
UK investors 00:00 GMT
Hong Kong investors: 8AM HKST

Important Information

The information contained in this press release is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions.

This communication, including any data and views in it, is not a financial promotion as defined in the Financial Services and Markets Act 2000. It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.

Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.

The views expressed are those of the writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances.

Issued by Jupiter Asset Management Limited (JAM) and/or Jupiter Unit Trust Managers Limited (JUTM). JAM and JUTM are both authorized and regulated by the Financial Conduct Authority and their registered address is The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.

No part of this communication may be reproduced in any manner without the prior permission of JAM and/or JUTM.


© Business Wire 2021
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Analyst Recommendations on JUPITER FUND MANAGEMENT PLC
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Financials
Sales 2021 527 M 697 M 697 M
Net income 2021 144 M 191 M 191 M
Net cash 2021 153 M 203 M 203 M
P/E ratio 2021 9,18x
Yield 2021 7,40%
Capitalization 1 270 M 1 679 M 1 680 M
EV / Sales 2021 2,12x
EV / Sales 2022 2,25x
Nbr of Employees 590
Free-Float 77,0%
Chart JUPITER FUND MANAGEMENT PLC
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Jupiter Fund Management Plc Technical Analysis Chart | JUP | GB00B53P2009 | MarketScreener
Technical analysis trends JUPITER FUND MANAGEMENT PLC
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 233,80 GBX
Average target price 287,39 GBX
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Andrew James Formica Chief Executive Officer & Executive Director
Wayne Mepham Chief Financial Officer & Executive Director
Nichola Pease Non-Executive Chairman
Paula Marion Moore Chief Operating Officer
Stephen Brian Pearson Chief Investment Officer
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