Newton loses star fund manager Jason Pidcock to rival Jupiter

21st May 2015

Jason Pidcock lead manager of the Newton Asian Income fund since November 2005 is leaving the group to join Jupiter.

Pidcock had established himself as a leading fund manager in the Asian markets. Since he started managing the portfolio he has returned 183% while the MSCI AC Asia Pacific ex-Japan index has returned 146%.

Adrian Lowcock, head of Investing, AXA Self Investor said: “For Jupiter, this is a significant announcement; in recruiting Jason Pidcock they have gained a rising star of the sector. With the established Asian funds struggling for capacity there is plenty of opportunity for fund groups to provide funds for UK investors looking to invest in Asia.”

However Lowcock warned that investors thinking of jumping ship should wait before taking any action. He added: “Investing in funds, in particular Asia should be for the long term. Newton also have a lot of expertise in the region, a strong team and investors will continue to benefit from Newton’s well-established and unique thematic process.”

At Jupiter, Pidcock will help build the firm’s Asian Income strategy. Pidcock said: “Jupiter is respected by investors and peers for its strong focus on delivering value. The dividend culture is becoming well established across Asia Pacific and a Jupiter fund offering attractive total returns over the long term should be an appealing proposition for clients.”


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