The company was established by John Duffield in 1985[2] and later sold to German bank Commerzbank in two tranches in 1995 and 2000.

John Duffield left in 2000 after a public row with the company's new owners and set up a rival fund group, New Star Asset Management in 2001.

[2] Between 2000 and June 2007 Jupiter was headed by Joint Group Chief Executives Jonathan Carey and Edward Bonham Carter.

US private equity firm TA Associates supported the MBO and held a minority stake in the business.

[6] In December 2013, it was announced that Edward Bonham Carter would step down as chief executive of Jupiter in March 2014 and be replaced by Maarten Slendebroek.