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Jupiter acquires Lazard portfolio service

Jupiter is to acquire the independent managed funds business from Lazard Asset Management for an undisclosed sum.

The acquisition will reunite Jupiter’s multi-manager team, led by John Chatfeild Roberts, with more than £250m of assets which it ran while it was at Lazard. The team moved to Jupiter in the first quarter of 2001.

The deal will bring the Lazard Personal Portfolio Service, the three Lazard Portfolio unit trusts and the Jersey-based Lazard Personal Portfolio funds into the Jupiter group.

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