- Jupiter European Opportunities Trust said it had entered into new portfolio manager and alternative investment fund manager agreements, after completing due diligence.

Devon Equity Management had been selected as portfolio manager and FundRock Management Company as alternative investment fund manager.

Devon had also received formal confirmation that the Financial Conduct Authority was minded to grant regulatory approval, expected to become effective once certain key employees had been registered as approved persons.

'Therefore, the board has today entered into a portfolio management agreement with Devon and FundRock as well as a separate AIFM agreement with FundRock,' Jupiter European Opportunities Trust said.

'The board intends that the appointment of Devon and FundRock will take effect from 15 November, being the requisite 30 days' notice FundRock needs to give the FCA of its intention to act as AIFM of the company.'

'On the appointment of Devon and FundRock the management contract with Jupiter will terminate.'

At 1:11pm: [LON:JEO] Jupiter European Opportunities Trust Plc share price was -25.5p at 789.5p

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