Jupiter Hires Three GAM Fund Managers in European Equities Push.

Jupiter Fund Management Plc is strengthening its European equities business by hiring three investment professionals from Swiss rival GAM Holding AG. Niall Gallagher, Chris Sellers, and Chris Legg will join Jupiter next year, bringing with them about £1.4 billion of European equity strategies. Jupiter aims to have the trio oversee its European equity fund range by the summer of 2025, as it works to reverse client redemptions and diversify its offerings under CEO Matthew Beesley's leadership. GAM, on the other hand, continues to face challenges with declining assets and is working to rebuild its business after a takeover by an investor group led by French billionaire Xavier Niel. [Extracted from the article]