UK Is Trying Too Hard to Find Brexit Dividend, Says Jupiter Boss
- Matthew Beesley says divergence is not good for City of London
- Fund manager’s shares have fallen more than 25% this year
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Matthew Beesley has reached a conclusion about the UK government: it is too obsessed with finding the benefits of Brexit.
In the year since Beesley, 47, took on the top job at Jupiter Fund Management, politicians have set out plans to tear up European Union rules governing financial services. Among them is the separating of research and trading services. Beesley thinks reversing the changes is a waste of time. “These are not things I believe that many of our peers want,” he says.