Interim figures from Jupiter today underlined the impact of the Coronavirus pandemic as pre-tax profits plunged by 50% to £40.8m and Assets Under Management declined from £45.9bn June 2019 to £39.2bn in June 2020.

Shareholders in fund manager Jupiter have voted to approve the takeover of rival Merian at the company’s AGM this week.

Fund manager Jupiter, which recently announced plans to buy rival Merian, has reported an 11% decline in annual pre-tax profits to £162.7m.

Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.