UK's Jupiter Fund Management dips as outflows rise
** Shares of British asset manager Jupiter Fund Management JUP.L down 5.8% to a near three-month low of 76.68 pence
** Co says Q1 outflows amounted to 1.6 bln pounds ($1.98 bln), comprising of 1.1 bln pounds in outflows from the Value team, headed by outgoing star manager Ben Whitmore
** Barclays says the outflows were materially worse than its expectations of 600 mln pounds
** "We expect the current weak flow momentum will continue at Jupiter..," says Barclays
** JUP's quarterly assets under management tick up to 52.6 bln pounds, from 52.2 bln pounds as at Dec. 31, thanks to improved market returns
** Stock down ~18% YTD, including session's losses
($1 = 0.8063 pounds)
Reporting by Eva Mathews in Bengaluru
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