Jupiter Fund Management saw assets under management rise by 4%, climbing £1.8bn to £47.1bn in the first six months of the year.

Jupiter Asset Management has appointed three fund managers from GAM Investments to run its European equity funds.

Struggling fund manager Jupiter saw underlying profits fall 7% to £97.5m in 2024, down from £105.2m the previous year, as net outflows soared to £10.3bn, up from £2.2bn.

Jupiter has launched an active exchange traded fund (EFT) for global government bonds in partnership with ETF specialist HANetf.

Jupiter Fund Management saw £1.6bn in net outflows for the quarter ended 30 September, taking total net outflows for the year to date past the £5bn mark.