Jupiter Asset Management has announced the proposed acquisition of the investment team and assets managed by Origin Asset Management, a London-based global investment boutique, as part of a broader review of the firm’s emerging markets franchise.
Under the terms of the deal, more than 800 million pounds of predominantly institutional assets currently managed by Origin will be transferred to Jupiter AM, subject to customary approvals and consents. These assets are primarily held in long-standing segregated institutional mandates for a globally diversified client base, spanning Europe, Canada, and Australia.
The acquisition aligns with Jupiter’s growth strategy, particularly in strategically important areas such as the institutional client channel and the group’s international business. Jupiter notes that Origin brings additional scale to its Global Emerging Markets strategy and provides investment capabilities in International ex-US and Global Smaller Companies, areas of identified demand that will expand Jupiter’s ability to attract a wider range of clients.
Origin invests using a quantitative stock selection approach, combining proprietary algorithms and data with qualitative due diligence by its experienced investment team. The team consists of five investment professionals, all of whom will move to Jupiter upon completion of the acquisition, ensuring that their investment process remains intact. Origin’s strategies in Global Emerging Markets, International ex-US, and Global Smaller Companies have consistently outperformed their benchmarks over both the short and long term.
“I believe that the addition of the Origin team offers an attractive option for clients of both firms on the Jupiter platform as we look to broaden our offering. In addition to strengthening our global equity range and adding new global small-cap capabilities, the acquisition is a key part of our efforts to scale our emerging markets capabilities as we aim to build truly differentiated investment propositions. Origin’s rigorous and robust investment process, which combines both fundamental and quantitative elements, is unique and has delivered strong long-term results for clients,” commented Kiran Nandra, Head of Equities at Jupiter AM.
Meanwhile, Tarlock Randhawa, Managing Partner at Origin, added: “We are excited to join Jupiter, whose philosophy and culture of truly active and differentiated investment management aligns with our own, and whose strong client-centric approach is very clear. The transition for our existing clients will be seamless, and we believe they will benefit from Jupiter’s commitment to excellence in the client experience. In addition to the benefits for current clients, we are well positioned to grow our client base and assets over time.”
Additionally, Jupiter AM announced that Nick Payne, lead portfolio manager of Global Emerging Markets Equities, will leave the company at the end of 2024 to pursue other opportunities.
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For Sofia Cisneros