Negative market movements of £216 million were offset by net mutual fund inflows of £443 million and net segregated mandate inflows of £274 million. European equity and global bond strategies had a particularly strong quarter.

"We are pleased to report that our mutual fund franchise again delivered healthy net flows of £0.4 billion this quarter, complemented by net flows of £0.3 billion into segregated mandates. This has been achieved despite less favourable market conditions, although our investment performance has remained strong,” said chief executive Maarten Slendebroek.

Last month, Jupiter announced it was searching for a new chief financial officer to replace Philip Johnson who will be leaving at the end of May after five years at the company.