For a fund that was launched on April Fool's Day, the £250m Jupiter UK Growth fund has gained some serious respect.
Managed by Edward Bonham Carter, it has managed to climb to first position out of 91 funds in its sector when measured from its launch date, with a healthy return of 423.8 per cent.
More recently, while its performance is still solid, it has been hit by bad calls on banks in 1997 and a weighting towards the mid and small caps in 1998.
Over 5 years the fund is ranked second with a return of 131.2 per cent, over 3 years it is sixth with a return of 64.3 per cent and over 12 months it is tenth with a return of 6.3 per cent.
Bonham Carter took over the management of the fund, which was launched in 1988, at the start of 1995 and uses what he calls a combination of top-down and bottom-up approach.