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Jupiter plans merger of former Dan Nickols UK small-cap fund by end of year
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Beginning back in 2022, Jupiter began a firmwide fund overhaul, mainly targeting «subscale» portfolios with less than £100m of assets under management across its entire asset class mix. In a letter to shareholders of the Jupiter UK Smaller Companies Equity fund, the firm said it was proposing a merger of it into the Jupiter UK Smaller Companies mandate due to the «materially similar» mandates, with 92% crossover in the funds' underlying assets. Jupiter poaches European equity team from GAM Investments The UK Smaller Companies Equity fund was founded in 1999 and currently has £91.9m...
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