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jupiter reshuffles japan fund team

By International Adviser, 21 Oct 13

Dan Carter has been named lead manager of Jupiter’s Japan Select Sicav, taking over from Simon Somerville.

Dan Carter has been named lead manager of Jupiter’s Japan Select Sicav, taking over from Simon Somerville.

The move takes immediate effect and sees Somerville, who runs the £612m Jupiter Japan Income unit trust, become the vehicle’s deputy manager.

Carter joined Jupiter as an analyst in 2008, having previously served as a fund manager within Odey Asset Management’s Japanese equities team.

Speaking about his change in role Carter said it was an “exciting time” for investors in Japan, where Abenomics – prime minister Shinzo Abe’s three-pronged plan to boost growth – was giving hope of a brighter future.

The $148m sicav was launched in 2009 and aims to deliver long term capital growth by investing primarily in Japan and by making selective investments in Asia.  It is a sub-fund of Jupiter’s Global Fund Sicav.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.