Nervous European investors desert Jupiter

Nervous European investors yanked tens of billions of euros worth of assets from asset manager Jupiter Fund Management in 2011, contributing to a decline in assets under management (AUM) during the course of the year.

Nervous European investors yanked tens of billions of euros worth of assets from asset manager Jupiter Fund Management in 2011, contributing to a decline in assets under management (AUM) during the course of the year.

AUM at the end of 2011 stood at £22.8bn, down from £24.1bn a year earlier, as investors in continental Europe withdrew some €90bn of assets during 2011, whereas the year before they had poured in €172bn.

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