Jupiter Launches Asian Income Strategy With New Hire

Jupiter Asset Management has hired Jason Pidcock to build an Asian income strategy for the investment firm.

Pidcock joins Jupiter from Newton Investment Management, where he is manager of the £4.4 billion Newton Asian Income Fund. He will aid Jupiter in the launch and management of a similar strategy.

The appointment will help Jupiter expand its offerings to include a dividend-focused Asian income strategy, something that has been missing in its product offerings.

Pidcock’s specific start date has not been disclosed, although it is expected later this year, according to Jupiter. “We have been working to develop our expertise in emerging markets for some time,” said Stephen Pearson, head of investments at Jupiter, in a news release. “Jason’s focus on a combination of income and growth, typically found among large-capitalization stocks across the Asia-Pacific region, will add a new dimension to our offering…and provide clients with a broader range of product to suit their investment objectives.”

Pidcock launched the Newton Asian Income Fund nine years ago and managed it to rank fifth in its peer group since 2010, returning 66.4%, according to industry data.

His departure has led to a restructuring within Newton, which has combined its emerging markets and Asian equity teams under the leadership of investment manager Rob Marshall-Lee.

London-based Jupiter had £34.8 billion in assets under management as of March 31.

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