Ross Teverson, who joined Jupiter on 4 November 2014, will be appointed to take over management of the Jupiter Global Emerging Markets Fund following a short handover period, expected to be at the end of November. Kathryn Langridge will remain with Jupiter until the end of the year to ensure a smooth transition.
Ross Teverson has been appointed Head of Strategy for Global Emerging Markets at Jupiter, and will lead the group's team of emerging markets fund managers. He joins from Standard Life Investments, where he managed the Standard Life Global Emerging Markets Equity Unconstrained Fund from its launch in October 2012 until May 2014. Under his tenure, the fund grew by 21.8% compared with 3.7% for the MSCI Emerging Markets index, though this should not be viewed as an indicator of how the manager will perform in future. Ross Teverson managed Asian equities for a number of years prior to this, including managing institutional mandates for Standard Life.
|Annual percentage growth|
| Nov 12 -
| Nov 13 -
| Standard Life Global Emerging Markets
|MSCI Emerging Markets||7.2%||0.7%|
Past performance is not a guide to future returns. Full year performance figures before this date are unavailable. Source: Lipper IM* to 03/11/2014
At this time we will not be considering the fund for inclusion on the Wealth 150 list of our favourite funds across the major sectors. We would like to see Ross Teverson build a longer track record before taking a view on his abilities as a fund manager. Investors looking to invest new money into an emerging markets fund may wish to refer to the Wealth 150.
Colin Croft, the existing co-manager of the Jupiter Emerging European Opportunities Fund, will remain manager of this fund. He has co-managed the fund since January 2010 and, in our view, his fund management experience is relatively limited. This fund therefore does not feature on the Wealth 150 currently either.
Kathryn Langridge will also step down from managing the emerging markets portion of the Jupiter Global Managed Fund, a current Wealth 150 fund. Exposure to higher risk emerging markets currently makes up a fairly small part of the portfolio at 1.6%. Kathryn Langridge's departure does not change our view on this fund, which continues to be managed by a number of other experienced managers at Jupiter.