Rhys Petheram and Alastair Gunn have become lead managers of the GBP252m Jupiter Distribution Fund with effect from 1 February 2012.
The pair have been co-managers on the Fund since July 2010, alongside Anthony Nutt and John Hamilton, who remain involved as deputy managers of the fund. There will be no change to the Fund’s investment process as a result of these promotions.
The Fund has also recently moved IMA sector and is now in the IMA Mixed Investment 0-35% shares sector. It has returned 12.24% compared to a sector average of 9.12% since July 2010 when Rhys and Alastair became co-managers, ranking the Fund 3rd out of 11 funds in the sector.**
Rhys joined Jupiter’s fixed interest team in 2006 and has worked alongside John Hamilton since that time. He has experience as a credit analyst across a number of sectors, having worked at Moody’s Investor Services and Towers Perrin Australia. He is also a chartered financial analyst. Alastair joined Jupiter’s UK equities desk in 2007 to work alongside Head of UK Equities Anthony Nutt. He has over 20 years’ experience as a sell-side investment analyst including roles at Arbuthnot Securities and Bear Stearns International.
John Chatfeild-Roberts, Chief Investment Officer of Jupiter Asset Management, says: “This is a sensible extension for Rhys and Alastair who have proven their abilities since becoming co-managers in 2010. These well-deserved promotions outline, once again, our commitment to growing our team of talented fund managers.”
The Jupiter Distribution Fund aims to provide a sustainable level of income and the prospect of capital growth. It is a conservative fund which has the advantage of being actively managed form both an asset allocation and bottom up stock-picking investment process.
