Jupiter’s Nutt steps down from £250m Distribution fund

Jupiter fund managers Tony Nutt and John Hamilton are stepping down as co-managers of the £250m Jupiter Distribution fund.

Tony Nutt
Tony Nutt

The pair, who have managed the fund since March 2002, will be passing the management to Alastair Gunn and Rhys Petheram who have been deputies on the fund since July 2010.

Nutt and Hamilton will remain as deputies on the fund.

The Distribution fund sits in the IMA mixed investments 0-35% sector. The fund is up 35.6% in the past three years compared to a sector average of 26.9%.