Jupiter has hired Asian income fund manager Jason Pidcock to build an Asian income strategy.

This income-based, larger capitalisation investment strategy will complement the more growth-orientated and multi-cap strategies currently available from Jupiter’s emerging market product range.

“We have been working to develop our expertise in emerging markets for some time, most notably through the recent recruitment of Ross Teverson as head of strategy, global emerging markets," said Stephen Pearson, head of investments at Jupiter. 

"Jason focus on a combination of income and growth, typically found among large capitalisation stocks across the Asia Pacific region will add a new dimension to our offering, dovetailing with our existing strategies and giving us the ability to provide clients with a broader range of products to suit their investment objectives. We are delighted he will be joining Jupiter.”

Pidcock will join Jupiter later in the year from Newton Asset Management's £4.4bn Newton Asian Income Fund, which he has managed since its launch in 2005. 

Before joining Newton in 2004, Jason was responsible for stock selection and asset allocation in the Asia ex-Japan region for the BP Pension Fund.

“Jupiter is respected by investors and peers for its strong focus on delivering value. The dividend culture is becoming well established across Asia Pacific and a Jupiter fund offering attractive total returns over the long term should be an appealing proposition for clients. I very much look forward to working with the team to help build this new strategy,” said Pidcock.