Jupiter wins UK equities mandate from NILGOSC

Jupiter Asset Management is delighted to announce it has won a mandate from the Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) to manage a high alpha, unconstrained UK equities portfolio.

The mandate will be managed as a ‘best ideas' portfolio, similar in composition to the Jupiter UK Alpha Fund unit trust, managed by Ben Whitmore. As with the unit trust, this new mandate will hold a basket of stocks that comprise the ‘best ideas' of Jupiter's award-winning UK equity team, including Edward Bonham Carter, Philip Gibbs, Ian McVeigh and Anthony Nutt. The portfolio will target a return of 2% to 4% above the FTSE All-Share Index over rolling 3 year periods and will not be constrained by benchmark weightings.

As part of this mandate, Jupiter will be required to comply with the commitment NILGOSC has made towards environmental, social and governance (ESG) issues through an engagement strategy. This is a traditional area of strength for Jupiter which has a long record of socially responsible investment (SRI).

Charlie Crole, Institutional Client Director at Jupiter, said: "We are delighted to have won such a prestigious client as NILGOSC. Being awarded this mandate is an excellent achievement for Jupiter, and also reflects a successful year for our institutional team. Against a very difficult backdrop of extreme stockmarket volatility our new business wins have exceeded expectations and helped us to become an even more established name in the institutional marketplace.

Deane Morrice, Secretary of NILGOSC, said: "We believe Jupiter has the commitment and experience to deliver long term outperformance through its unconstrained but disciplined approach to investing."