Jupiter Fund Management

The company was established by John Duffield in 1985 and later sold to German bank Commerzbank in two tranches in 1995 and 2000. John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management in 2001. Between 2000 and June 2007 Jupiter was headed by Joint Group Chief Executives Jonathan Carey and Edward Bonham Carter. Jonathan Carey retired in 2010 after 23 years at the company. Between June 2007 and March 2014, Jupiter was headed by Edward Bonham Carter .Jupiter bought itself out from Commerzbank in a management buyout in June 2007. Around 95% of the company's staff then became shareholders. US private equity firm TA Associates supported the MBO and held a minority stake in the business. On 21 June 2010, Jupiter floated on the London Stock Exchange at 165p a share. Employees retained around 41% ownership of the Company on the day it listed and TA Associates reinvested in the business, taking its shareholding to around 22% on the day of admission to the London Stock Exchange. In December 2013, it was announced that Edward Bonham Carter would step down as chief executive of Jupiter in March 2014 and be replaced by Maarten Slendebroek.The company acquired Merian Global Investors for consideration of £370 million in July 2020.