On 10 May 2024, Jupiter Asset Management announced that Dan Nickols, Head of Jupiter’s UK small and mid-cap equity (SMID) and manager of the Jupiter UK Smaller Companies, will be retiring on 30 June 2024.  As a result of this news, we have removed the fund from our Established list.

Matt Cable, manager of the Jupiter UK Smaller Companies Equity Fund, will take over the management of the Jupiter UK Smaller Companies fund on 1 July 2024, with Tim Service as an additional manager.  Mr Cable joined the firm in 2019 and has over 15 years’ experience in the small and mid-cap space.  Additionally, James Gilbert continues as a significant contributor to the team and as a manager for the UK Mid Cap equities fund.

Changes to the SMID Equities team

Mr Service will succeed Mr Nickols to become Head of Jupiter’s SMID equities team.  Mr Service began his investment career in 2002 and has worked closely with Mr Nickols for almost 20 years.

We will be holding meetings with the new managers in the coming weeks to discuss their plans for the fund in greater depth.   However, given Mr Nickols’ key role in the investment process and the various team changes, we feel it appropriate to remove the fund from The Adviser Centre.

We send Mr Nickols our very best wishes for a happy retirement.