Jupiter loses out on £322m EM mandate to Somerset Capital
Jupiter loses out on £322m EM mandate to Somerset Capital Omnis pulls Jupiter off second mandate in less than a year Omnis Investments has yanked its Omnis Global Emerging Markets Equity Opportunities mandate from Jupiter, appointing Somerset Capital Management instead. The appointment of Somerset to manage the £322m fund from 8 April was driven by Omnis’ focus on “delivering the best outcomes for clients and advisers”. The fund had been run by Jupiter’s global emerging markets head of strategy Ross Teverson since launch in August 2019. Since inception it has returned 17.1% while it...