In a statement Jupiter said the Global Energy fund had not gained “critical mass” since its launch in 2011 and the fund will close in the coming weeks.
Jupiter says no decision has been made on replacements for Pound.
Head of investments Stephen Pearson says: “Derek has been a longstanding and valued member of the UK equities team for nearly 20 years and a popular character in the firm. He departs with sincere thanks and very best wishes for the future from all of us.”
Pound says: “After nearly twenty enjoyable and fruitful years at Jupiter I feel it is time for a new challenge. Hence I will be leaving the company at the end of September. I would like to thank you all for your friendship and support over that period.”