The asset manager reported assets under management (AUM) had dropped to £22.3 billion as a result of volatility in equity markets, compared with AUM of £24.8 billion in the prior quarter.
However, the company reported net inflows of £295m, dominated by flows into segregated mandates.
Flows during the most recent quarter combined to give Jupiter cumulative net inflows of £971m during 2011, so far.
Edward Bonham Carter, chief executive at Jupiter, says: “Jupiter continued to make progress in the third quarter, recording net inflows of £295m despite one of the worst quarters for equity markets in the last decade and reduced risk appetite from retail investors, particularly in Europe.
“Our balance sheet position also continues to strengthen, allowing us to announce a substantial debt repayment.”
The asset manager announced a £60m reduction in its bank debt reducing its outstanding bank debt to £143m.