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Tony Nutt

Jupiter’s income fund manager believes in uncovering value and is not impressed by company bosses who aim to make themselves rich at the expense of shareholders.

Tony Nutt’s favourite album is Leonard Cohen’s Greatest Hits not because he is a manic depressive but because he feels there are two kinds of people in this world – manic depressives and neurotics. Nutt classes himself as neurotic.

His fund, the Jupiter income trust, over the past five years has achieved a return of 45.7 against a sector average 24.9, ranking it 14th in the sector. Over the past 12 months, it has posted 15, just below the sector mean return of 16. “It is very important to block out the noise. I focus on things. I had been given a job to do by John Duffield and I was happy to take it. I think that one or two people had their own agendas and I was happy for them to pursue those agendas but then Posh Spice has an agenda and she is free to pursue it. That does not mean I should pay attention. I tell younger fund managers that it is not what you say but the decisions you make that you will be judged on.”

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