Jupiter Annual Report 2010 - Jupiter Asset Management

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Company information | Other information Company information Independent auditors Stockbrokers PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditor 1 Embankment Place London WC2N 6RH JP Morgan Cazenove 125 London Wall London EC2Y 5AJ Numis Securities Limited The London Stock Exchange Building 10 Paternoster Square London EC4M 7LT Legal advisers Principal bankers Norton Rose LLP 3 More London Riverside London SE1 2AQ The Royal Bank of Scotland plc 135 Bishopsgate London EC2M 3UR Annual Report & Accounts 2010 108 Jupiter Fund Management plc
Glossary of terms | Other information Glossary of terms A-B Act – the Companies Act 2006 AGM – Annual General Meeting AUM – Assets under management Bps – one one-hundredth of a percentage point (0.01 per cent.) Board – the Board of Directors of the Company Box profits – profit on dealings in mutual funds by the Group representing the difference between the cost of purchasing redeemed units at cancellation prices and re-selling those units at higher creation prices on the same day (rather than cancelling those units), in each case after brokerage fees C-E CAPM – Capital asset pricing model CDP – Carbon disclosure project CGU – cash generating unit Code – the Combined Code on Corporate Governance adopted by the Financial Reporting Council in June 2008 Company – Jupiter Fund Management plc CPD – continued professional development CREST – the system for paperless settlement of trades in listed securities, of which Euroclear UK & Ireland Limited is the operator DB – Defined benefit pension scheme DBP – Deferred Bonus Plan DC – Defined contribution pension scheme EBITDA – Earnings Before Interest, Tax, Depreciation and Amortisation is a non-GAAP measure which the Group uses to assess its performance. It is defined as operating earnings excluding the effect of depreciation and the charge for options over pre-Listing shares. EBT – the Jupiter employee benefit trust established pursuant to a trust deed dated 22 April 2004 EPS – Earnings per share EU – The European Union F-G Financial Services Act – the Financial Services Act 2010 FSA – the Financial Services Authority of the United Kingdom FSA Remuneration Code – the Code whereby firms regulated by the FSA are required to establish, implement and maintain remuneration policies consistent with effective risk management FSA Rules – the FSA Handbook of Rules and Guidance made by the FSA under FSMA for firm regulated by the FSA FSCS – Financial Services Compensation Scheme FSMA – the Financial Services and Markets Act 2000, (as amended, supplemented or replaced from time to time) FRC – Financial Reporting Council GAAP – Generally Accepted Accounting Principles GAYE – Give as you earn scheme Group – the Company and all of its subsidiaries I-J IAS – International Accounting Standard(s) IASB – International Accounting Standards Board ICAAP – internal capital adequacy assessment process IFA – Independent financial adviser IFDS – International Financial Data Services IFRIC – International Financial Reporting Interpretations Committee IFRS – International Financial Reporting Standard(s) IMA – Investment Management Association ISA – individual savings account JAMB – Jupiter Asset Management (Bermuda) Limited JAMG – Jupiter Asset Management Group Limited JIMG – Jupiter Investment Management Group Limited Jupiter – the Company and all of its subsidiaries K-M KPI – Key performance indicator Leverage ratio – represents net debt divided by trailing twelve month EBITDA LIBOR – London Interbank Offered Rate Listing – the Company Listing on the London Stock Exchange on 21 June 2010 LTIP – Long term incentive plan for retention MBO – purchase of Company by management and other parties in 2007 MLRO – Money laundering reporting officer Mutual funds – collective investments where a group of investors pool their money (buying units or a portion of the mutual fund) N-O Net borrowings – net debt is defined as the gross bank debt outstanding less gross cash Overseas Regulated Entities – JAMB and Jupiter Asset Managers (Jersey) Ltd Annual Report & Accounts 2010 109 Jupiter Fund Management plc
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Jupiter Fund Management plc Annual
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Introduction 01-06 Highlights Chair
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Introduction Highlights Chairman’
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Chief Executive’s statement | Int
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Who we are 07-14 Jupiter in brief S
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Operational review | Who we are Fun
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Directors’ report Business review
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