Reuters – UK asset manager Jupiter JUP.L swung to a half-year pre-tax profit in its first results since flotation, boosted by net inflows and rising fee income during a tough six months for the broader industry.
Jupiter was not entirely immune, suffering outflows from its hedge funds and a big redemption of a single mandate of 258 million pounds ($397.9 million) at end-June, but it still managed 814 million pounds of net inflows at a time when market volatility dented performance.
