Jupiter European fund to move from Chelsea Core Selection to Chelsea Selection

1 April 2019 - Jupiter Asset Management has announced that Mark Nichols will be appointed the new manager of Jupiter European fund later this year.

A long-standing member of the Chelsea Core Selection, Jupiter European has been run by Alexander Darwall since 2001. However, he has now decided that he would like to take a step back from some of his management responsibilities to focus on a smaller number of mandates.

Mark Nichols, who has co-managed Threadneedle European Select (also on the Core Selection) since 2016, will join Jupiter in July. After a suitable transition period, he will become manager of the fund.

Mark has 18 years investment experience in European equities having worked at Invesco and F&C prior to joining Columbia Threadneedle.

Commenting on the news, Darius McDermott, managing director of Chelsea, said:

“Alexander has successfully run the European fund since 2001, producing outstanding returns for investors, and finding a suitable replacement for him will have been hard.

“Mark is probably among the best successors Jupiter could have found: we've been very impressed with him since he started co-managing Threadneedle European Select with David Dudding and he had a good track record before that.

“He also has a very similar investment style and philosophy to that of Alexander, looking for quality growth companies. The major difference is that the fund is not only a lot larger, but also a lot more concentrated, so we will want to see that he settles into the new mandate.

“As a result, we will be moving the fund from the Core Selection to the Selection but retaining it's generic buy rating.”

Published on 01/04/2019