- Abbie Llewellyn-Waters appointed Head of Sustainable Investing
- Rhys Petheram appointed Head of Environmental Solutions
- Charlie Thomas to leave Jupiter for new role, Jon Wallace appointed fund manager of Jupiter Ecology, Jupiter Responsible Income and equity segment of Jupiter Global Ecology Diversified, a natural next step in the succession plan for this important strategy
- Jon Wallace appointed manager of Jupiter Green Investment Trust
Jupiter is pleased to announce a number of senior appointments within its sustainability suite, continuing to offer clients a range of differentiated investment options with a shared goal of generating attractive returns through long-term sustainable investing.
Abbie Llewellyn-Waters is appointed to the new role of Head of Sustainable Investing. With over 15 years of sustainable investment experience, Abbie has managed the Jupiter Global Sustainable Equities fund since inception, delivering 55.92%, relative to a return of 39.49% for the benchmark and 38.76% for the sector. The Jupiter Global Sustainable Equities fund was launched to offer clients an alternative to mainstream global equities by combining financial returns with environmental and social returns – enabling clients to participate in the transition to a more sustainable world.
In her new role, Abbie will lead the firm’s sustainable investing capability, while retaining a clear focus on managing the global sustainable equity strategy. Feeding into the work of Edward Bonham Carter, who has taken on a new role focusing on the Company’s stewardship and corporate responsibility activities, Abbie will continue to play an important role in shaping best practice across the business as Jupiter builds on its heritage of sustainability investing to demonstrate thought leadership and a commitment to ESG as fundamental to its investment and corporate culture.
Experienced fund manager Rhys Petheram is promoted to the new role of Head of Environmental Solutions, working closely with Abbie. A recognised thought-leader in environmental fixed income investments with 20 years’ experience across fixed income and multi-asset portfolios, Rhys has co-managed the mixed-asset Jupiter Global Ecology Diversified Fund since inception in 2016, delivering 27.50% relative to a sector average of 16.85% over this time , and has extensive experience of the sustainable solutions universe with a particular specialism in green bonds.
In his new role, Rhys will lead and evolve Jupiter’s expertise in investing in companies intentionally focused on providing solutions to sustainability challenges across key environmental themes. Rhys will oversee Jupiter’s environmental solutions range across asset classes, including the flagship £691m Jupiter Ecology Fund, while continuing to co-manage the Jupiter Global Ecology Diversified fund and looking to build out Jupiter’s capabilities in the green fixed income space.
This strategy restructure follows the decision of Charlie Thomas, Head of Strategy, Environment and Sustainability, to leave Jupiter after 20 years at the company, including 17 years at the helm of the Jupiter Ecology Fund.
Following Charlie’s departure, Jon Wallace, who has worked closely with Charlie for over 10 years, will be promoted to fund manager, taking over the management of the Jupiter Ecology Fund, Jupiter Responsible Income Fund and the equity segment of the mixed asset Jupiter Global Ecology Diversified fund, working alongside Rhys Petheram and reporting into him.
With an in-depth knowledge of the portfolios, Jon has also worked with Charlie on the Jupiter Green Investment Trust for seven years, and has now been appointed manager by the Board of the Trust. He has a strong expertise in seeking out the key innovators in the green technology space, making him the natural successor for this range and ensuring consistency of approach for clients. Jon will collaborate closely with Charlie Thomas to ensure a smooth transition of fund management responsibilities.
Jupiter is committed to providing a strong team of specialist analysts to support the strategy. Freddie Woolfe and Mark Evans will retain their focus on Global Sustainable Equities, and we will look to add further resource to the environmental solutions team over time. They will also continue to receive ongoing input from Jupiter’s dedicated Governance and Sustainability Research team, headed by Ashish Ray.
Andrew Formica, CEO, commented:
“Drawing on Jupiter’s 30-year heritage of sustainable investing, this restructure and the series of appointments announced today reinforce our commitment to this strategically important client proposition which we see as a cornerstone of our future business growth plans. We are pleased to be able to offer our clients a distinct choice of products, enabling them to achieve their sustainable investing goals in partnership with our dedicated and experienced team.
“I’m delighted to have Abbie and Rhys in these new roles where they will be instrumental in shaping, supporting and influencing the firmwide initiatives that we have been developing over the last year.”
Stephen Pearson, CIO, commented:
“We would like to congratulate Abbie and Rhys on their new roles, created to drive forward our sustainability proposition. Their unrivalled knowledge and experience coupled with their passion for driving sustainable and enduring change on behalf of our clients will see us continue to innovate and lead the industry in this important area.
We are also delighted to make Jon’s well-deserved promotion. Jon has been with the company since 2009 and has shown himself to be an innovative, inquisitive stock picker through his company research and analysis. He has worked closely with Charlie for many years on the Jupiter Ecology fund and becomes only the fourth manager to take on this role in its 32-year life. We are confident that his appointment will ensure a seamless transition of management responsibility for clients in this important fund.
“At the same time, I would also like to pay tribute to departing manager Charlie Thomas. Having taken on the management of the Jupiter Ecology Fund nearly 20 years ago, Charlie has become an important part of that fund’s long history and has made a strong mark at Jupiter and on the sector during his tenure. He has been a pleasure to work with and he leaves with our thanks for the valuable contribution he has made and our best wishes for the future.”
Jupiter Global Sustainable Equities Fund, rolling 12-month performance3
Jupiter Global Ecology Diversified, rolling 12-month performance 4
1Source: Morningstar, gross income reinvested, net of fees. 31.12.2020. Sterling.Target Benchmark: MSCI ACWI , Comparator Benchmark IA Global (Fund inception 10.04.18)
2Source: Morningstar, gross income reinvested, net of fees. 31.12.2020.: Euros. Sector: Moderate Allocation – Global. (Fund inception 30.06.16)
3Source: Morningstar, gross income reinvested, net of fees. 31.12.2020. Sterling. Sector: IA Global (Fund inception 10.04.18)
4Source: Morningstar, gross income reinvested, net of fees. 31.12.2020.: Euros. Sector: Moderate Allocation – Global. (Fund inception 30.06.16)
Jupiter Global Sustainable Equities fund: The Key Investor Information Document, Supplementary Information Document and Scheme Particulars are available from Jupiter on request.
Jupiter Global Ecology Diversified fund: A proportion of the fund is invested in high yield bonds, and can also invest in non-rated bonds. These bonds may offer a higher income but carry a greater risk of default, particularly in volatile markets. The yield is not guaranteed and monthly income payments may fluctuate. All of the fund’s expenses are charged to capital, which can reduce the potential for capital growth. The KIID and Prospectus are available from Jupiter on request. This fund can invest more than 35% of its value in securities issued or guaranteed by an EEA state.
The information contained in this press release is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions.
This communication, including any data and views in it, does not constitute an invitation to invest or investment advice in any way.
This document is for informational purposes only and is not investment advice. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. Initial charges are likely to have a greater proportionate effect on returns if investments are liquidated in the shorter term.
Past performance is no indication of current or future performance. Performance data does not take into account commissions and costs incurred on the issue and redemption of shares.
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Austria: Jupiter Asset Management International S.A., Austrian branch, Goldenes Quartier, Tuchlauben 7a, 1010 Vienna, Austria; Belgium: BNP Paribas Securities Services, Boulevard Louis Schmidt 2, 1040 Brussels, Belgium; France: CACEIS Bank France, 1/3 Place Valhubert, 75013 Paris, France; Germany: Jupiter Asset Management International S.A., Frankfurt branch, whose registered office is at: Roßmarkt 10, 60311 Frankfurt, Germany; Italy: BNP Paribas Securities Services, Milan branch, Piazza Lina Bo Bardi, 3 20124 Milano, Italy. Allfunds Bank, S.A.U., Milan Branch, Via Bocchetto 6, 20123 Milano, Italy. Société Générale Securities Services, Via Benigno Crespi 19, 20159 Milano, Italy. The Fund has been registered with the Commissione Nazionale per le Società e la Borsa (CONSOB) for the offer in Italy to retail investors; Luxembourg: the Company’s registered office: 6 Route de Trèves, Senningerberg, L-2633, Luxembourg; Spain: Allfunds Bank, C/ La Estafeta 6, Edificio 3, 28109 Alcobendas, Madrid, Spain. For the purposes of distribution in Spain, the Company is registered with the Spanish Securities Markets Commission – Comisión Nacional del Mercado de Valores (“CNMV”) under registration number 1253, where complete information, including a copy of the marketing memorandum, is available from the Company authorised distributors. Subscriptions should be made through a locally authorised distributor. The net asset value is available on www.jupiteram.com. Sweden: Jupiter Asset Management International S.A., Nordic branch, 4th Floor, Strandvagen 7A, 114 56 Stockholm, Sweden; Switzerland: Copies of the Memorandum and Articles of Association, the Prospectus, KIIDs and the annual and semi-annual reports of the Company may be obtained free of charge from the Company’s representative and paying agent in Switzerland, BNP Paribas Securities Services, Paris, Succursale de Zurich, whose registered office is at Selnaustrasse 16, 8002 Zurich, Switzerland; United Kingdom: Jupiter Asset Management Limited (the Investment Manager), registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, United Kingdom, authorised and regulated by the Financial Conduct Authority.
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