Asset Management

Man Group and Pictet bet against Jupiter

Analysts say short positions could be in response to concerns over future outflows from the FTSE 250-listed asset manager

Man Group and Pictet bet against Jupiter

Stock-pickers at hedge fund Man Group and Swiss investment firm Pictet are betting against the shares of Jupiter Fund Management, a move analysts suggest could have been made in anticipation of a drop in inflows.

GLG Partners — part of Man Group — and Pictet declared their short positions, which represent a total of 1% of shares outstanding, to the Financial Conduct Authority in February, ahead of Jupiter’s annual results last week.

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