Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Jupiter UK Special Situations

Elite Rated by FundCalibre

Managed with a distinct contrarian and value-based approach, this fund offers investors access to a reasonably diversified portfolio of large and mid-cap UK stocks. The manager, Ben Whitmore, is hugely experienced and has had considerable success in running this type of mandate.

Company Description

Founded in 1985, Jupiter Asset Management has grown from a specialist investment boutique to a global fund management company. It provides a range of products from bond and equity funds to multi-asset strategies for both retail and institutional clients.


Fund Manager

Ben manages the Jupiter UK Special Situations fund, the Jupiter Income Trust fund (since 1 January 2013) and institutional assets. Prior to joining Jupiter, Ben worked at Schroders, managing both retail and institutional portfolios and some £2bn of assets – including the Schroder Recovery fund.


I’m a stock selection-focused contrarian investor who buys out of favour and lowly priced shares in companies that are well run, or have the potential to be.

Ben Whitmore - Fund Manager

The Investment Process

Ben follows a methodical and well defined investment philosophy. In essence, he looks to buy stocks that are out of fashion with the market. He identifies these companies by screening to find cheap stocks, by looking at the share price-earnings ratio, which has been calculated using 10-year average earnings. Suitable candidates are then subjected to rigorous fundamental analysis, with Ben looking to weed out businesses with weak balance sheets and poor competitive positions.


Despite the fund having an allocation to mid-cap stocks and the highly stylistic nature of the investment process, it has historically been about two thirds as volatile as the FTSE 100. However, the investment style could move out of favour as the business cycle evolves, leading to increased volatility in the future.

Our Opinion

The investment process follows a classical value approach and has been well executed by the experienced and skilled Ben Whitmore. The fund is highly stylistic in nature and the style will fall in and out of fashion as the business cycle evolves. That said, this has led to long-term outperformance and there is a lot to recommend this fund, especially if you are looking for a value-driven strategy.

  • Fund
  • Sector

©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.