Jupiter Fund Management withstood a slowdown in mutual fund inflows to add another £500 million to its assets under management in the first quarter, buoyed by strong institutional inflows.

The fund manager confirmed in an April 13 trading update that assets increased to £36.2 billion - a record level - in the three months to March 31, 2016. This continued from a previous high of £35.7 billion recorded at the end of the last quarter.