Jupiter’s Global Emerging Markets Merger
Jupiter is to merge its Global Emerging Markets and Global Emerging Markets Focus funds as the manager of the former, Ross Teverson, leaves the business after eight years. This mandate will be led by Nick Payne, current manager of the Global Emerging Markets Focus strategy. Payne joined Jupiter two years ago as part of its acquisition of Merian Global Investors, having previously been head of emerging and frontier markets equity for Nomura Asset Management.
Teverson also managed the Emerging and Frontier Income Trust which began winding up this month due to a poor performance outlook off the back of the Russia-Ukraine conflict.
29th March, 2022