Jupiter shares have soared 60% this year. Analysts say it still needs a USP

Asset Management

The FTSE 250-listed fund group has made a key acquisition and seen outflows begin to slow. Is that enough?

Matthew Beesley has cut costs and diversified Jupiter since becoming CEO in 2022, but its future remains uncertain Photo: Bloomberg/Getty Images

Jupiter had a year to forget in 2024, when the departure of star stock-picker Ben Whitmore sparked outflows of more than £10bn.

The FTSE 250 group has been grappling with heavy outflows for years, with investors yanking around £33bn from its funds since 2018.