Jupiter star fund manager William Littlewood has resigned due to “chronic fatigue.”
Littlewood had received much acclaim for his handling of the £1.45bn fund prior to his self-imposed three month sabbatical earlier this year.
He will be replaced at the helm of the investment trust by Anthony Nutt, who has managed Jupiter's High Income fund since 1996.
The 200,000 investor strong fund had been reviewed by Standard and Poor's rating system shortly after Littlewood went on sabbatical, but maintained its high rating at that point.
Jupiter managing director Steven Glynn says “Unfortunately, his health has deteriorated over the last three months and we must, with regret, announce his retirement from managing Jupiter Income.”