Jupiter’s Peter Lawery is to retire from the group at the end of 2014 after working in its multi-manager team since 2001.
The group said Mr Lawery, who helps run the Merlin multi-manager funds with a team led by chief investment officer John Chatfeild-Roberts, would take on a consultance role with the group.
Mr Chatfeild-Roberts works with Algy Smith-Maxwell as well as Amanda Sillars and David Lewis who have been “integrated” into the team.
“Peter has been a good friend and valued colleague for many years,” Mr Chatfeild-Roberts said.
“He has not only contributed to our outperformance but has also helped build the team’s resources for the future, working closely with Algy and me to incorporate Amanda and David into the team.
“I would like to thank him for his tremendous support during this time and am delighted he will continue to provide input to the Merlin team and Jupiter more widely as a consultant.”
Mr Lawery it “felt like an opportune time to step back” given Ms Sillars and Mr Lewis had been “fully integrated” into the team.
He said he would be concentrating on “long term research and broadening some of my personal interests”.
“I have thoroughly enjoyed my time working at Jupiter so far and look forward to contributing to both the Merlin team and the company in my new role as a consultant,” he added.
The group’s Merlin Income Portfolio has returned 103 per cent against 64 per cent for the IMA Mixed Investment 20-60% Shares sector average during the past 10 years, Jupiter said.
In addition, its Merlin Growth fund has risen 142 per cent against 89 per cent for the IMA Flexible Investment sector average over the same period, the group added.
