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Jupiter racks up £5bn in fund outflows

Investors pulled £1.6bn from the FTSE 250-listed group in the latest quarter, extending its woes

Chief executive Matthew Beesley is looking to future-proof the fund house
Chief executive Matthew Beesley is looking to future-proof the fund house

Jupiter posted £1.6bn of net outflows in its latest quarter, bringing the total amount investors have pulled this year to £5bn.

The London-listed fund group said in an 11 October trading update that outflows between July and September hit strategies across its value desk, including £1.1bn from segregated mandates.

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