Wealth and Asset Management
Jupiter profits plunge 60% as assets fall £12bn in ‘disappointing’ first half
Profits at Jupiter Fund Management fell by 62% in the six months to the end of June as the group suffered a heavy hit to assets under management (AUM) and saw costs spike. Underlying profits before tax plunged from £78.2m to £29.7m year-on-year. Profits were heavily impacted by a 15%…
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