View more on these topics

Jupiter fund manager Patrick Harrington leaves firm

Jupiter undervalued assets fund manager Patrick Harrington has quit the firm with immediate effect.

Harrington, who joined the firm in March 2009 from OLIM Ltd, also managed the £100m Jupiter fund of investment trusts and was co-manager of the £66m monthly income fund with Ariel Bezalel.

Harrington replaced Jupiter chief executive officer Edward Bonham Carter on the £91m undervalued assets fund in March 2009. However, the fund has struggled to perform and is currently bottom quartile in the IMA UK all companies sector over three years.

The fund has been taken over by Steve Davies, who is a member of Jupiter’s UK equities team. Davies joined Jupiter in 2007 and is deputy manager of the Jupiter UK growth fund, working alongside lead manager Ian McVeigh. Fund manager Richard Curling replaces Harrington on the fund of investment trusts and monthly income.

Prior to working at OLIM Ltd, Harrington was director of Henderson Global Investors from 2001 to 2004.

Hargreaves Lansdown senior analyst Meera Patel says: “The performance of the Jupiter Undervalued Assets Fund has been poor in recent years and we hope this change brings about an improvement. While we believe this is a positive change, we would like to give him the opportunity to make his mark on the fund.”



Webb: Auto-enrolment review will go ahead in 2017

Pensions minister Steve Webb says the review of auto-enrolment will go ahead in 2017 as planned and is likely to look at more than just restraints on Nest. Giving evidence to the work and pensions select committee last week, Webb said: “We do not anticipate a delay in the review. It will be five years […]

Government takes appeal to Supreme Court after solar feed-in tariff defeat

The Government is to make a second appeal against a High Court ruling which found that its decision to lower solar feed-in tariff payments was illegal. It lost its first attempt last week at the Court of Appeal. Energy and Climate Change Secretary Chris Huhne said the Government disagrees with the Court of Appeal’s decision […]


Aviva Investors to launch global team to replace SRI

Aviva Investors has confirmed it is set to axe its SRI team and plans to replace them with a global team that looks at responsible investment across its fund range. Money Marketing revealed this morning that the SRI team, which run £1.1bn of assets, were hoping to be sold off. A letter from Aviva Investors […]


Fidelity calls for fund transparency amid Ryanair pricing concerns

Fidelity Worldwide Investment has called on the asset management industry to create an industry standard in a bid to offer to greater transparency for fund charges. The asset manager says the industry must work together to develop a standard approach to disclosing the total cost of the fund. Fidelity Worldwide Investment UK managing director Gary […]

Is three a crowd?

The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm