Matthew Morgan, Head of Fixed Income at Jupiter states, “Following our communication last week that Alejandro Arevalo was leaving Jupiter, we can confirm that Reza Karim and Alejandro Di Bernardo will also be leaving the firm.

Despite building solid track records, our Emerging Market Corporate and Emerging Market Short Duration funds have failed to gain sufficient traction with our clients, notably in the institutional marketplace, which is a key focus for Jupiter. After careful consideration, we have decided to close both of these funds, subject to regulatory approvals. Reza and Alejandro will leave Jupiter in due course after an orderly closure of the two funds.

Jupiter’s focus is on building scaled businesses each with differentiated investment approaches and the closure of these two funds is consistent with this strategy. We believe in the structural growth opportunities and diversifying appeal of Emerging Market Debt (EMD) as an asset class. Our aim is to build an Emerging Markets franchise with a broader appeal to institutional as well as retail clients and we are committed to doing so. There is no impact on any of Jupiter’s other fixed income strategies, which continue to be supported by our broad and deep team of credit analysts, who provide sector-based coverage across developed and emerging markets.”
For further information, please contact:

Victoria Howley
0203 817 1657
[email protected]

Olivia O’Connor
0203 817 1436
Olivia.O’[email protected]

Important Information:

Marketing communication. The information contained in this market commentary is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions.

It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.

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Issued in the UK by Jupiter Asset Management Limited, registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ is authorised and regulated by the Financial Conduct