Asian Income fund manager Jason Pidcock is to join Jupiter Asset Management later in the year.
Pidcock has built a strong reputation at Newton Investment Management for the management of income-orientated assets in Asian markets and, in particular the GBP4.4bn Newton Asian Income Fund, which he has managed since its launch in 2005. This Fund has delivered a return of 64.0 per cent over the past five years compared with 35.9 per cent for the IA Asia Pacific Ex Japan sector average, placing it 4th in the sector. Since launch it has returned 191.4 against 154.1 per cent for the sector average*. Before joining Newton in 2004, Jason was responsible for stock selection and asset allocation in the Asia ex-Japan region for the BP Pension Fund. Prior to that he worked at Henderson Asset Management for more than two years as an assistant fund manager.
At Jupiter, Pidcock will help build an Asian Income strategy. This income-based, larger capitalisation investment strategy will complement the more growth-orientated and multi-cap strategies currently available from Jupiter’s emerging market product range, such as the recently-launched Jupiter Unconstrained Global Emerging Markets SICAV managed by Ross Teverson.
Stephen Pearson, Head of Investments at Jupiter, says: “We have been working to develop our expertise in emerging markets for some time, most notably through the recent recruitment of Ross Teverson as Head of Strategy, Global Emerging Markets. Jason’s focus on a combination of income and growth, typically found among large capitalisation stocks across the Asia Pacific region will add a new dimension to our offering, dovetailing with our existing strategies and giving us the ability to provide clients with a broader range of products to suit their investment objectives. We are delighted he will be joining Jupiter.”
Pidcock says: “Jupiter is respected by investors and peers for its strong focus on delivering value. The dividend culture is becoming well established across Asia Pacific and a Jupiter fund offering attractive total returns over the long term should be an appealing proposition for clients. I very much look forward to working with the team to help build this new strategy.”