Jupiter Asset Management is pleased to announce the launch of a new, New York-based US credit hub, increasing the research capacity of its £13bn* global unconstrained fixed income strategy and deepening analytical coverage of the world’s largest, most liquid market.

Three Jupiter employees, including two newly appointed team members, will be based in the office, evolving the firm’s US credit coverage from its current focused and selective approach to a deeper and more extensive analytical cover. With the office designed as an idea-generation hub for Jupiter’s UK-based fixed income strategy, the team will have no initial requirement for order raising or trading capability.

Dedicated US credit research team

The New York-based team will be led by experienced US Credit Analyst and US national Joel Ojdana, who joined the company in London in July 2018 and moved back to the States with the opening of Jupiter’s Denver office in October 2020. With over thirteen years’ experience in fixed income investing, Joel has made a meaningful contribution to the firm’s US credit research – an important pillar of Jupiter’s unconstrained bond offering, led by Head of Strategy, Fixed Income, Ariel Bezalel.

Joining Joel in the credit hub will be David Rowe and Jordan Sonnenberg, who have joined the company as Credit Analysts this month. David Rowe joins Jupiter from JP Morgan where he has worked as an Analyst on the Leveraged Loans & High Yield Credit Trading Desk for the last two years, while Jordan Sonnenberg joins from Deutsche Bank, where he has spent five years on the company’s High Yield Credit Research team, most recently as a High Yield Credit Research Associate covering the industrials, paper & packaging and chemicals sectors.
In their new roles David and Jordan will work closely with Jupiter’s 10-strong London-based credit research team, including Credit Analyst Charlie Spelina, who joined Jupiter in 2017 to spearhead the company’s US credit research. They will report into Joel Ojdana and to Luca Evangelisti, Jupiter’s UK-based Head of Credit Research.

Ideally located to provide in-depth credit analysis including on-the-ground research and meetings with company management, the team will focus on high-yield credit research, feeding into the idea generation process for Jupiter’s global unconstrained bond offering, including the flagship Jupiter Dynamic Bond (SICAV) and Strategic Bond (UT) Funds.
In addition, the team’s work will also feed into the research process across Jupiter’s broader fixed income strategy, including the Jupiter Corporate Bond and Global High Yield Funds, with a longer-term scope for evolving the company’s product range in this area.

Ariel Bezalel, Head of Strategy, Fixed Income, commented: “Independent fundamental credit research has been a cornerstone of this strategy from the start. The opening of a New York-based credit research hub is an important step in the expansion of Jupiter’s credit research capabilities and one that will have a valuable impact across Jupiter’s entire fixed income offering. We look forward to working with the team to generate fresh and exciting investment ideas for the strategy”

Stephen Pearson, CIO, added: “As Jupiter’s Fixed Income strategy continues to go from strength to strength, it is vitally important to invest in our people and infrastructure. David and Jordan’s experience in the US credit market make them the ideal candidates to further expand the team’s wealth of regional expertise, building on the meaningful contribution Joel’s work in the US has already made to the team’s investment process.”

For further information, please contact:

Despina Constantinides

Head of Communications

+44 (0)20 3817 1278 / +44 (0)7801 337 677

[email protected]

Mark Cotton
Senior Corporate Communications Manager
+44 (0)20 3817 1282

[email protected]

Emily Paul

Media Relations Manager

+44 (0)20 3817 1495

[email protected]

Lottie Pearson

Corporate Communications Assistant

+44 (0)20 3817 1503

lottie.pea[email protected]

Notes to Editors

About Jupiter:

Jupiter is a specialist, high conviction, active asset manager committed to making a positive difference for our clients by helping them achieve their long-term investment objectives. From the origins in 1985, Jupiter now offers a range of actively managed strategies available to UK and international clients including equities, fixed income, multi-asset and alternatives. Jupiter is a constituent member of the FTSE 250 Index and has assets under management of £60.3bn /$83.4bn /€70.3 as at 30/06/21.


Independence of thought and individual accountability define Jupiter. The fund managers follow their convictions and seek those investment opportunities that they believe will ensure the best outcome for Jupiter’s clients. They do this through fundamental analysis and research, a clear investment process and risk management framework, with a focus on good stewardship.


Jupiter believes that asset managers have a critical leadership role to play in helping to resolve some of the greatest challenges facing the world. In this spirit, Jupiter is proud of the long-established credentials in the fields of ESG and sustainable investment, and the ongoing commitment to specialism and innovation in these areas. Jupiter is a constituent member of the FTSE4Good Index, and a signatory on a number of key initiatives such as the UN Principles for Responsible Investment.


Jupiter’s values and responsible business practices are aligned with the principles of the UN Global Compact and the 2020 UK Stewardship Code. Having engaged with the Financial Reporting Council (FRC) on the implementation of the 2020 UK Stewardship Code, Jupiter supports this reinvigorated framework and has undertaken further investor outreach with the FRC and the Investment Association (IA). Furthermore, Jupiter obtained the A+ score for strategy and governance in the latest assessment of activities under the Principles for Responsible Investment (PRI) and also maintained the ‘A’ status under the PRI principles for our equities strategies and improved our ranking to an ‘A’ in fixed income. Jupiter is a member of the Investor Forum (IF), the UK body which helps facilitate collective engagement with companies, with Jupiter’s Edward Bonham Carter on the Board of Directors. Jupiter Chief Executive Andrew Formica is a Board member of the IA and a member of the UK Government’s Asset Management Taskforce, which represents the interests of our industry in key decision-making forums.


Important Information

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, is not a financial promotion as defined in MiFID II. It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.


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.


The views expressed are those of the Fund Manager at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances.


Issued in the UK by Jupiter Asset Management Limited, registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ is authorised and regulated by the Financial Conduct Authority. Issued in the EU by Jupiter Asset Management International S.A. (JAMI, the Management Company), registered address: 5, Rue Heienhaff, Senningerberg L-1736, Luxembourg which is authorised and regulated by the Commission de Surveillance du Secteur Financier.