A 10-minute watch.
In Octo’s exclusive video, Jupiter’s new chief Andrew Formica talks to Sam Shaw about the challenges of running a business firmly entrenched in active management and reveals the first thing he did once he took on his role in February.
Andrew discusses the headwinds of regulation and the growth of passive investing, with the former Janus Henderson chief executive admitting that it has been a “torrid time” to be an active fund group.
Stressing that Jupiter will develop its “existing footprint” rather than looking to grow through M&A, he says much work needs to be done on proving its “worth” in the price-sensitive retail investment landscape.
“We are active managers and we will be recognised how we do in terms of investment performance after fees relative to either the relevant benchmarks or other opportunities clients are offered,” he says.
“With current market levels and volatility, it’s been quite a challenge for active managers”
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