UK asset manager Jupiter is contemplating pulling £1bn from its own funds as one of its star managers is set to depart. David Lewis, manager of Jupiter’s Merlin range, disclosed the firm's consideration of withdrawing money from Ben Whitmore’s mandates upon his departure later this year. The firm's equity assets in Whitmore's funds amounts to £1bn. The firm is also discussing the options of staying with Jupiter’s funds, following Whitmore to his new company, or exploring other possibilities. Jupiter's CEO is undertaking cost-cutting and revamping efforts amidst declining share prices and fund outflows. The company has struggled with losing fund managers and announced a split with investment company Chrysalis. For more details, click the link.