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Jupiter asset management

Guest RLC

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The rapid appointment of Andrew Formica as the new CEO later this year is interesting as he has a reputation as a deal maker. Unfortunately he's going to have to use all his deal making skills to turn this company around. Poor fund performance, falling assets under management, a large proportion of retail clients and outflows from their funds is a recipe for further falls in the share price even though it did badly in 2018. Not surprising that it remains a favourite 'short' with some institutions.

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