Jupiter Fund Management, the FTSE 250-listed asset manager, suffered a 50% drop in profits for the first six months of the year, the result of the ongoing Covid-19 crisis ravaging markets and jittery investors pulling money from its funds.

Interim results for Jupiter show net revenues of £161.9m were down 15% compared to the first half of 2019, while pre-tax profits of £40.8m were down from £81.4m.