Jupiter poaches UK manager from Dresdner

Jupiter has appointed Paul Sheehan as a fund manager on its UK specialist equity team.

Morningstar.co.uk Editors 16 May, 2001 | 4:46PM
Facebook Twitter LinkedIn
Mr Sheehan will run the Jupiter Growth & Income unit trust in addition to a range of institutional funds. He moves to Jupiter this summer from a similar role at Dresdner RCM, where he currently runs the Dresdner RCM UK Equity Income unit trust.

Nigel Lanning will run Mr Sheehan’s fund at Dresdner RCM. Mr Lanning will also continue in his current role as manager of the Merchant investment trust, an income and growth fund, which he has managed for 15 years.

Edward Bonham Carter, a joint group chief executive of Jupiter, said, ”We are always on the lookout for people who can add value to our clients’ portfolios, and Paul will fit

in well. His performance record has meaning and he is interested in developing his skills in growth [investing]. On the retail side we like to give our fund managers one vehicle to run and take it from there.”

Mark Dampier, the head of research at Hargreaves Lansdown, said, “It is a coup for Jupiter because they have lost some high profile fund managers recently. Paul ran the [Dresdner RCM] fund on a partly growth basis so the Jupiter Growth & Income fund should suit him.

“Jupiter doesn’t have a house style. The fund managers are quite independent and Paul should do well in that atmosphere. Nigel is a very good pair of hands for the Dresdner RCM fund but it is never good to lose a top person.”

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Allianz UK Listed Eq Income A Inc320.69 GBP0.02Rating
Jupiter Growth & Income L Inc  

About Author

Morningstar.co.uk Editors  analyse and report on shares, funds, market developments and good investing practice for individual investors and their advisers in the UK.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures