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Jupiter loses European special sits star to Schroders

Jupiter European special situations manager Leon Howard-Spink has left the company to join Schroders.

He will take over Schroders’ European alpha plus fund in November and replaces Adrian de Mol van Otterloo who is leaving to start his own business. Schroders’ former Japanese manager Denis Clough is to return from sabbatical to run the European equities desk. Gary Clarke, joining from Gartmore, will take over the running of two offshore funds.

At Jupiter, Howard-Spink’s 236m fund was ranked top decile over one and three years. He had managed the fund since 2001. It will now be taken over by Cedric De Fonclare who has been with Jupiter for six years.

Plan Invest managing director Michael Owen says: “This is a coup for Schroders. They have been strengthening Europe. Four years ago, they were har-dly on the radar as far as Europe was concerned but Otterloo has picked things up for them in the last two years. This will be a disappointment for Jupiter as no one likes to lose talented fund managers.”


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