Jupiter's Somerville leaves after 11 years

Added 26th May 2016

Simon Somerville has left Jupiter Fund management after 11 years as manager of the firm's Japan Income fund.

Jupiter's Somerville leaves after 11 years

According to the asset manager, Somerville, who has overseen the £577m fund since its launch in 2005, will be joining an undisclosed institutional asset manager and will no longer be operating within the UK retail space.

He is succeeded by the fund’s current deputy manager, Dan Carter, who has been at Jupiter since 2008 and worked alongside Somerville for eight years. Carter will simultaneously continue in his role as lead manager of Jupiter’s Japan Select Sicav fund.

The asset manager insisted that despite the personnel shake up, there would be no change to the investment philosophy of the fund.

“There is a significant overlap between the two portfolios in terms of the companies they are invested in,” Jupiter stated. “Like Simon, Dan seeks to own long-term positions in cash-generative, income-paying Japanese companies that are run for shareholders, have a genuine competitive advantage and offer real, identifiable growth opportunities that he believes are underappreciated by the market.”

Jupiter’s CIO, Stephen Pearson, also reassured clients that they could expect continuity in the management of both Japan-focused funds because “Dan’s approach is perfectly complementary to Simon’s.”

Though Pearson was “sorry to see Simon leave after a long career with Jupiter,” he said he was “delighted to appoint Dan as Simon’s successor on the Jupiter Japan Income Fund, and to have been able to draw from our pool of talented young fund managers to fill this role.”    

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Lazard Emerging Markets
Lazard Emerging Markets

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address



Investment Strategy




PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey


17th November 2016
The Andaz

PA Emerging Markets 2016
PA Emerging Markets 2016

1st December 2016
The Mayfair, London

Sponsored Content

Investment Strategy