Jupiter environmental solutions head leaves as two ecology funds close

Rhys Petheram's role was created amid a restructure to the firm's sustainability offering in January 2021

Jupiter’s head of environmental solutions Rhys Petheram (pictured) is leaving after two years in the role amid fund closures at the firm.

A Jupiter spokesperson confirmed the firm has taken the decision to close the Jupiter Global Ecology Bond and Global Ecology Diversified funds on 6 April.

“As an active, high-conviction asset manager, it is important that our product range is designed to address clients’ needs, with a clear focus on providing core strategies that meet their desired investment outcomes,” they said.

“Following a detailed review as part of our ongoing product rationalisation process, including client feedback, it has been concluded that these two funds are not aligned with client demand. Therefore, liquidating these funds is in the best interests of investors.”

The spokesperson continued: “As a result of these decisions, fund manager Rhys Petheram will be leaving the firm.

“Rhys has worked at Jupiter for 17 years and has made a significant contribution to the company’s fixed income and environmental solutions strategies over this time. He leaves with our thanks and very best wishes.”

The Jupiter Global Ecology Bond fund was launched in February last year and was managed by Petheram, whose role as head of environmental solutions was created amid a restructure to the firm’s sustainability offering in January 2021.