RE: Could be up 90% from here10 Aug 2022 14:19
Jupiter, a now relatively small London-based firm after years of outflows eroded its size, couldn’t catch a break. “Our overall AUM and net outflow position is disappointing,” said outgoing Chief Executive Officer Andrew Formica, who abruptly announced in June he will be stepping down in October.
Formica, who had engineered the merger that created Janus Henderson before moving to Jupiter, has had his fill.
“I just want to go sit at the beach and do nothing,” he said in the interview about his plan to quit the firm and move back to his native Australia. “I’m not thinking about anything else.”