Jupiter Fund Management sees 1 bln stg in Q3 net outflows
LONDON, Oct 16 (Reuters) - Jupiter Fund Management's assets under management rose by 16.5 billion pounds ($21.28 billion) in the third quarter to 55.7 billion pounds due to the acquisition of rival Merian Global Advisers, though it saw 1 billion pounds in net outflows, it said on Friday.
Operational integration of the two asset managers was achieved by the end of the quarter, Jupiter said in a statement.
Net mutual fund outflows from Merian branded products were one billion pounds, Jupiter said.
($1 = 0.7755 pounds)
(Reporting by Carolyn Cohn Editing by Rachel Armstrong)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.