JO Hambro's Savvides to take on Jupiter UK special sits as Ben Whitmore departs to launch boutique
Jupiter's Ben Whitmore (pictured) will depart later this year to establish a value equities boutique.
Manager of JO Hambro's £1.3bn UK Dynamic fund, Savvides is set to join Jupiter «by the Autumn of 2024» and brings 28 years' industry experience.
He first joined JO Hambro in 2003 and launched the UK Dynamic fund in 2008, prior to which he served at a trio of UK stockbrokers.
Savvides said he was «very excited» to join Jupiter at an «important time in its evolution», noting the firm's «illustrious history in developing and nurturing active investment talent».
«Special situations and value investing underpin my investment philosophy,» he said. «Whilst my approach to investing is not dissimilar to the strategy's current investment approach — a highly disciplined and active style focused on undervalued UK companies — I believe we can build on this strategy's legacy by blending in the proven stock selection, stewardship and engagement approach that I have employed successfully for clients over many years.»
Whitmore departs Jupiter after more than 17 years to establish his own boutique, subject to regulatory approvals.
He will remain with the firm «until at least the end of July 2024», at which point he will hand over management of Jupiter's UK Special Situations fund, as well as its Income and Global Value trusts.
While Whitmore takes on the UK special sits fund, the Income trust will be managed by recent arrivals Adrian Gosden and Chris Morrison, who joined from GAM at the beginning of the year.
Whitmore has agreed on certain non-competes with Jupiter for his value equities boutique, alongside the industry standards.
Jupiter to absorb GAM UK Equity Income fund as portfolio manager duo join
For the first two years from his
Read more on investmentweek.co.uk
