As of 2024, Jupiter Fund Management net worth remains a key focus for investors and analysts alike.
In this article, we’ll explore Jupiter Fund Management’s financial performance, including its main revenue sources, profit trends, and operational efficiency.
With Ando Money, get the latest insights on one of the most well-known asset management firms in the UK.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Jupiter Fund Management plc |
| Full Name | Jupiter Fund Management Public Limited Company |
| Website | https://www.jupiteram.com |
| Industry | Asset Management |
| Traded as | LSE: JUP |
| ISIN | GB00B53P2009 |
| Founded | 1985 |
| Founders | John Duffield |
| Country/Territory | United Kingdom |
| Headquarters | London, United Kingdom |
| Chief Executive Officer | Matthew Beesley |
| Number of Employees | 11,144 (2023) |
| Market Cap | $0.58 billion |
| Total Assets | £1,406.7 million ($1,724.6 million) |
| Total Equity | £805.6 million ($987.6 million) |
| Revenue | £173.7 million ($213.2 million) |
| Net Income | £28.2 million ($34.6 million) |
What is the Net Worth/Market Cap Of Jupiter Fund Management in 2024?
In 2024, Jupiter Fund Management’s market cap stands at $0.58 billion, positioning it as a notable player in the financial sector.
While it may not compare to some of the largest asset management firms, its standing is solid in the UK market.
This places it among the lower tiers in comparison to bigger companies like BlackRock or Vanguard. However, its stability and consistent returns make it attractive to many investors.
Competitors and partners related to Jupiter Fund Management include:
- BlackRock
- Vanguard
- Schroders
- Aberdeen Standard Investments
- Legal & General Investment Management
- Invesco
- M&G Investments
- Fidelity International
- Amundi
For more insights into how Jupiter Fund Management stacks up in the industry, check out our comprehensive analysis of the wealthiest companies on our site.
Jupiter Fund Management Financial Performance Overview
In the first half of 2024, Jupiter Fund Management delivered a solid financial performance.
The company reported net revenue of £173.7 million ($213.2 million), slightly down from the £181.0 million ($222.1 million) reported in the same period last year.
This minor decrease can be attributed to challenging market conditions, yet the company managed to maintain stability in its core operations. Profit before tax was £47.9 million ($58.7 million), showing a 3% increase from 2023.
Despite a 3.4 billion net outflow, largely from changes in the Chrysalis Investment Trust, Jupiter’s performance remained resilient.
The company continues to show effective cost management, reducing operating costs to £129.1 million ($158.4 million), a 2% reduction compared to the previous year.
Breakdown of Revenue Sources
Jupiter Fund Management earns primarily from management fees on its assets under management (AUM). In the first half of 2024, management fees contributed to £169.0 million ($207.4 million) of revenue.
Another significant source of income is performance fees, which totaled £3.9 million ($4.8 million) in the same period.
The firm experienced gross flows of £7.5 billion ($9.2 billion) during this time, an improvement from H2 2023, which saw only £5.5 billion ($6.7 billion). However, the net flows were negative due to institutional outflows.
Contribution of Assets Under Management (AUM) to Financial Performance
As of June 2024, Jupiter Fund Management held £51.3 billion ($62.9 billion) in AUM.
This represents a 2% decrease from December 2023, reflecting the challenges posed by market volatility and shifts in investment team structures.
However, AUM from the retail sector saw modest inflows, particularly in the Asian equities and income strategies.
The company’s focus on institutional investors, while facing challenges, continued to provide net positive revenue contributions.
Cost Management and Operational Efficiency
Cost management is a critical element in Jupiter Fund Management’s success.
The company has consistently kept its cost-income ratio at 74% in the first half of 2024, which is higher than the 71% recorded in 2023.
This increase is a result of strategic investments in growth and operational efficiency improvements.
Fixed staff costs remained stable at £38.8 million ($47.6 million), while variable staff costs slightly decreased, contributing to the firm’s overall cost reduction.
Dividend Policy and Shareholder Returns
Jupiter continues its policy of returning 50% of pre-performance fee earnings to shareholders.
In H1 2024, the company declared a dividend of 3.2p per share. This payout reflects Jupiter’s commitment to shareholder value, even amid market challenges.
The firm’s disciplined capital allocation remains key to sustaining its dividend payouts.
Profitability Analysis
Underlying profit before tax for Jupiter Fund Management increased by 3% in H1 2024, reaching £47.9 million ($58.7 million).
This growth was driven by efficient cost management and a slight recovery in gross flows from retail clients. Basic earnings per share also improved, rising to 5.4p from 4.6p in the prior year.
Although net revenue decreased by 4%, from £181.0 million ($222.1 million) in H1 2023 to £173.7 million ($213.2 million) in H1 2024, the company demonstrated resilience by controlling costs and maintaining profitability.
Outlook for Future Financial Performance
Looking ahead, Jupiter Fund Management is cautiously optimistic about its prospects in the second half of 2024.
The company expects continued improvement in gross flows, driven by increasing demand from retail clients and renewed interest in UK assets.
The firm remains focused on expanding its institutional client base, improving operational efficiency, and enhancing client engagement.
FAQs About Jupiter Fund Management
What is the AUM of Jupiter Fund Management in 2024?
As of June 2024, Jupiter Fund Management manages £51.3 billion ($62.9 billion) in assets.
How does it generate revenue?
The company’s primary sources of revenue are management fees and performance fees from its asset management services.
What is its dividend policy?
Jupiter Fund Management follows a dividend policy that returns 50% of pre-performance fee earnings to shareholders. In 2024, the dividend declared was 3.2p per share.
How has its profit grown in 2024?
In the first half of 2024, underlying profit before tax increased by 3%, reaching £47.9 million ($58.7 million).
What are the main operating costs for Jupiter Fund Management?
The firm’s key costs include fixed staff costs, variable staff costs, and non-compensation costs. Total operating costs for H1 2024 were £129.1 million ($158.4 million).
Conclusion
Jupiter Fund Management continues to demonstrate financial resilience and operational efficiency.
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