Stephen Mitchell has stepped down as manager of the Jupiter Global Managed Fund and left the group with immediate effect.
Stuart Cox has taken over the fund on an interim basis. He's worked with Stephen Mitchell since joining Jupiter three years ago and has some prior experience investing in global shares.
He'll use the fund's existing investment process, so we don't expect to see any significant changes in the short term. Jupiter are now looking for a new fund manager to join the Global Equities team and take over the fund, so there could be more changes in future. We'll update investors once we know more.
Given the potential for future changes, we are not currently considering the fund for the Wealth 150+ list of our favourite funds.