The London headquartered company said total net outflows over the final quarter were £626m, with £716m leaving its segregated mandates and £219m leaving the investment trust portion of its business.
Jupiter said outflows were also increased by the transfer out of its remaining £65m of private client accounts during the last quarter, following the unit’s sale to Rathbone Investment Management on 26 September last year.
However, Jupiter’s mutual fund business continued to grow, adding net inflows of £309m in the three months to December, meaning the company’s mutual fund business chalked up total net inflows for the year of £1.4bn.
Assets under management within the mutual funds business were £27.5bn by the end of the year, supporting a 6% growth in the company’s total closing AUM of £31.9bn.
Chief executive Maarten Slendebroek said: “Our core mutual fund franchise again delivered healthy net inflows this quarter, resulting in cumulative net inflows of £1.4bn across the year, an underlying organic growth rate of 6%.
“2014 saw encouraging progress with the continuing diversification of our product and distribution capabilities and, together with the well-executed sale of our private client operations, Jupiter is well placed to deliver profitable growth at attractive margins.”
