1 July 2020 - Jupiter Fund Management has announced that its acquisition of Merian Global Investors has been completed.
The Merian business now forms part of the Jupiter Group and, from today, people from both companies will work together under the Jupiter brand.
Investors in Merian’s funds – including Merian Gold & Silver, which is on the Chelsea Selection - may continue to receive Merian-branded communications until later this year.
A spokesperson from Jupiter commented: “Jupiter has always prided itself on the breadth and depth of expertise and products we are able to offer clients, and the acquisition of the Merian business significantly enhances our investment capabilities, creating a strong, well-diversified line-up of active, high-conviction and high-performing investment strategies. We are delighted to welcome highly regarded investment professionals to our established team, cementing Jupiter’s position as an attractive home for leading fund management talent.”
Darius McDermott, managing director of Chelsea Financial Services added: “The merger of the two businesses has been pretty much as expected: the four major franchises from Merian – Systematic, UK small & mid-cap equities, UK larger companies and gold & silver – are all moving across.
“There has also been a very equal division of talent between the sales and marketing roles, which I think is very positive. The two companies have very complementary cultures and I think it should work well.
“There was obviously some overlap between products, which has resulted in some people departing, but overall the changes look positive both for the companies and their investors.”