Jupiter Asset Management has reported a 12% rise in assets under management in the third quarter of 2010.
The firm, which listed in June this year, highlighted rising markets and strong inflows into its mutual fund range for the jump. The firm now has £22.2 billion of assets under management.
In the third quarter of 2010, the firm saw £484m of net inflows into its mutual fund range. Total net inflows in the business in the third quarter stood at £734m.
Jupiter says that market movements contributed to a £1.6 billion increase in assets under management. (article continues below)
Edward Bonham Carter, chief executive officer, says: “Whilst markets rose across the quarter, fears of a double dip recession in developed world economies depressed sentiment before a rally in September. Against this backdrop, it was pleasing to see the group maintain steady inflows in our mutual funds range and make progress in our segregated mandates.”