Assets under management for fund manager Jupiter Fund Management hit a record £60.3m, despite an increase in net outflows to £2.3bn (H1 2020: £2bn outflows).

Jupiter Fund Management has reported net outflows of £776m in the three months ending 31 March as investors turned away from UK and European-focused equity strategies.

The chief executive of Jupiter Fund Management is to stand down, the firm revealed today.

The non-executive chairman of Jupiter Fund Management has had to step down from his role because of ill health.