Jupiter CIO Chatfeild-Roberts pockets £2.3m

6th Nov 2014 15:46

John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows.Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sold what amounted to 0.14% of the company's entire share issue.He sold 645,750 shares at a price of 354.06p, with the shares having recently bounced off their 318p low but well down from their year's high of 436.8p from February.Third-quarter results in October showed net inflows of £218m in its mutuals business and assets under management of £31.7bn after the sale of its private client operations.Analysts have turned more positive on the European asset-management sector of late, with Credit Suisse last month upgrading its ratings for Jupiter and others.Top Director BuysKaz Minerals (KAZ) Director name: Mr Simon HealeAmount purchased: 25,000 @ 237.13p Value: £59,282GETECH Group (GTC) Director name: Mr Peter StephensAmount purchased: 25,000 @ 51.00p Value: £12,750Top Director SellsJupiter Fund Management (JUP) Director name: Mr John Chatfeild-RobertsAmount sold: 645,750 @ 354.06p Value: £2,286,342NetDimensions (Holdings) Limited (DI) (NETD) Director name: Mr Jay ShawAmount sold: 100,000 @ 68.00p Value: £68,000