Jupiter said Gosden and Morrison will also assume the management of the £1.5bn Jupiter Income trust, currently managed by Ben Whitmore.
Once Adrian Gosden and Chris Morrison join Jupiter in January 2024, the asset manager will manage the fund under a subadvisory agreement until the portfolio is transferred to its platform later in 2024, subject to customary approvals.
In a statement, GAM said there will be a «seamless transition» for clients to enable them to remain invested in the fund. Once the fund is transferred, it said there will be a 12-month revenue sharing arrangement between both firms.
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Jupiter said Gosden and Morrison will also assume the management of the £1.5bn Jupiter Income trust, which is currently managed by Ben Whitmore, «at some point next year».
As Whitmore steps down from managing the trust, the firm told Investment Week that he will remain at Jupiter, noting that he is «keen to dedicate more of his focus to his other investment responsibilities», including the £2bn UK Special Situations fund, which he has managed since 2006.
Gosden will report to head of equities Kiran Nandra and Morrison will in turn report to Gosden.
Before joining GAM in 2017, Gosden was co-manager of the £10bn UK equity income franchise at Artemis. Before that, he held positions at Societe Generale Asset Management and Fleming Investment Management.
Morrison collaborated closely with Gosden during their time at GAM, having joined the firm in 2011. Prior to that, he worked at Bank of Tokyo Mitsubishi UFJ Asset Management, where he managed several European equity portfolios.
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