{"id":447359,"date":"2026-02-26T21:39:10","date_gmt":"2026-02-26T21:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/447359\/"},"modified":"2026-02-26T21:39:10","modified_gmt":"2026-02-26T21:39:10","slug":"jupiter-posts-first-annual-net-inflow-since-2017","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/447359\/","title":{"rendered":"Jupiter posts first annual net inflow since 2017"},"content":{"rendered":"

Unlock the Editor\u2019s Digest for free<\/p>\n

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/p>\n

Jupiter has recorded its first year of net inflows in almost a decade and a rise in annual profit, in a sign that a turnaround at the UK asset manager is bearing fruit.<\/p>\n

The London-listed group said customer net inflows last year were \u00a31.3bn. In the previous year it had net withdrawals of \u00a310bn. Its shares rose almost 10 per cent on the news.<\/p>\n

Matthew Beesley, chief executive<\/a>, said it was the first calendar year of net positive inflow of customers\u2019 funds, which include institutions and individual retail investors, since 2017.<\/p>\n

He added there had been \u201ca marked shift in client sentiment with improved investment performance\u201d during a year in which stock markets reached record highs.<\/p>\n

The results come in the wake of US asset manager Nuveen\u2019s \u00a39.9bn bid to buy Schroders<\/a>. <\/p>\n

Beesley said: \u201cI\u2019m not sure the Schroders deal is a signal\u2009.\u2009.\u2009.\u2009that there\u2019s about to be a wave of M&A across the UK asset management industry.\u201d <\/p>\n

He noted that this was because of Schroders\u2019 \u201cuniqueness and structure\u201d as a business that operates in public and private markets as well as wealth management.<\/p>\n

Jupiter<\/a> said net revenue last year increased to \u00a3431mn, up nearly a fifth and beating analyst expectations. Statutory profit before tax rose 49 per cent to \u00a3132mn.<\/p>\n

Rae Maile, analyst at Panmure Liberum, said the results \u201care well ahead of estimates driven by an exceptional contribution from performance fees\u201d from certain investment funds.<\/p>\n

The turnaround comes after Jupiter last year struck a deal to buy CCLA<\/a>, one of the biggest money managers for UK charities, helping to boost Jupiter\u2019s assets under management by \u00a315bn. <\/p>\n

More than a fifth of assets managed by CCLA, which has been historically owned by its non-profit client base, are on behalf of the Church of England.<\/p>\n

Recommended<\/p>\n

\"Part<\/a><\/p>\n

Jupiter said in its results that total assets under management increased by a fifth over the year to \u00a354bn.<\/p>\n

Under Beesley, Jupiter has cut costs and merged or closed some smaller funds. The group also parted ways with star fund manager Ben Whitmore<\/a> at the end of 2024, and poached Alex Savvides from JO Hambro Capital Management to replace him.<\/p>\n

Beesley has taken other steps to boost the business, such as poaching an investment team from rival Origin to expand in global equities.<\/p>\n

Jupiter is one of a group of UK midsized asset managers that has grappled with high costs, regulatory pressure and customer withdrawals in recent years, as investors have shifted their money to cheaper index-tracking funds.<\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":2,"featured_media":447360,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[90,416,56,54,55],"class_list":["post-447359","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-science","tag-space","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/447359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=447359"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/447359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/447360"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=447359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=447359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=447359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}