Bezalel and Darwall help Jupiter inflows hit £510m in Q4

Jupiter posted its strongest quarterly inflows in a year in the fourth quarter of 2013, signalling a recovery after three quarters of slower business following the introduction of the RDR.

The quarterly data, announced to the market in a trading update this morning, showed net inflows from its retail, institutional and private client businesses hit £510m in the last three months of the year, almost double the figure reported in the third quarter.

Jupiter said the flows were driven primarily by investor interest in Ariel Bezalel’s Strategic Bond and Dynamic Bond funds, as well as the UK Special Situations fund, run by Ben Whitmore, and European products run by Alexander Darwall and Cedric de Fonclare.

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It means inflows totaled £1.2bn in 2013 as a whole, compared with £965m in 2012.

Chief executive Edward Bonham Carter - who will step down from this role in March - said mutual fund inflows of £458m were driven by “improved client sentiment” as well as Jupiter’s growing international distribution.