Jupiter Asset Management (Jupiter) has announced the appointment of Niall Gallagher, Chris Sellers, and Chris Legg, who until now comprised the European equities team at GAM Investments. According to the asset manager, this hire is part of a restructuring of its investment expertise in this key area for the firm.
The three managers have worked together for several years, leading and managing GAM’s successful and established European equities franchise. The team is expected to join Jupiter by the summer of 2025. Currently, the European Equities Team manages approximately £1.4 billion in European equities strategies, serving both institutional and retail clients.
“As one of the leading European equities teams in the industry, they have a strong investment track record, delivering top-quartile returns across nearly all time periods. Notably, they have also been successful in attracting assets, achieving net positive flows in their strategies over the past five years, despite the European equities sector recording cumulative net outflows of over £100 billion during the same period,” Jupiter highlighted.
This announcement aligns with Jupiter’s strategy of attracting top-tier investment talent to deliver superior results for clients and an exemplary experience. “In the absence of any further commitment to GAM regarding the potential transfer of funds currently managed by the European Equities Team, our expectation is that, following an orderly transition, the team will take over the management of Jupiter’s existing range of European equity funds by the summer of 2025. Any transition of investment management responsibilities will be seamless and conducted in the best interests of clients,” stated the asset manager.
Following the announcement, Kiran Nandra, Head of Equities at Jupiter Asset Management, remarked: “As we realign our investment expertise within the core area of European equities, we are excited about the addition of Niall, Chris, and Chris to Jupiter. We believe their strong investment track record and institutional approach will enhance outcomes for a broader range of clients.”
For his part, Niall Gallagher, Lead Investment Manager, added: “We are thrilled to join Jupiter, where the focus on active investment management, combined with a client-centric philosophy, is fully aligned with our vision. We look forward to working with our new colleagues to expand our client base over time.”
For Funds Society