LONDON (Reuters) – Asset managers arriving in Monaco on Monday for the industry’s annual get together have plenty to be concerned about.

As if the Greek crisis wasn’t adding enough volatility and unpredictability to money management, it comes as plenty of investors are already becoming wary of the funds sector.

Delegates at the Fund Forum conference can take some cheer from the fact global assets under management reached pre-crisis levels of $53 trillion (33.2 trillion pounds) at the end of 2010 and could reach $76 trillion by 2015, according to research firm Cerulli Associates.

But the money coming back into funds is not spread across the sector and investors have become tougher customers. The industry is turning into “a very polarized market”, Cerulli Associates said.

Tom Brown, head of Investment Management for the EMEA region at KPMG, noted money follows performance. “The managers who are doing well in terms of performance continue to see a very positive flow, but it works equally in reverse.”

Elizabeth Corley, Europe CEO of Allianz Global Investors AGI.L and a speaker at the conference, said the industry had seen a significant market share shift.

“The winners are winning and the losers are losing and it is not necessarily through M&A activity,” she said.

LONDON (Reuters) – Jupiter Fund Management (JUP.L: Quote, Profile, Research) chief Edward Bonham Carter and other executives banked almost 63 million pounds after placing some of their holdings in the company after the end of a post-flotation lock-in.

Star fund managers Anthony Nutt and Philip Gibbs sold down the biggest stakes, both cutting their holdings by more than a third.

The sale of 26.19 million shares, or 5.7 percent of the company, at 240 pence each, making a total deal size of 62.8 million pounds, fell short of the maximum 31 million shares touted earlier on Tuesday.

Jupiter shares were down 2.08 percent at 250 pence by 12:36 p.m. after the final price of the placing was announced. The shares had sunk nearly 7 percent in earlier trading to as low as 241.1p, their lowest since last October.

Bonham Carter, one of seven directors to sell on Tuesday, sold 555,103 shares, leaving him with a holding of 14,000,000, or 3.06 percent of the company.

Nutt, who sold 7.5 million shares, still holds 2.84 percent after the placing, and Gibbs 1.97 percent after selling 5.3 million.

Chief Investment Officer John Chatfeild-Roberts sold close to 2.8 million shares, leaving him with a 1.56 percent holding.

LONDON, June 21 (Reuters) – Jupiter Fund Management chief Edward Bonham Carter and other executives banked almost 63 million pounds after placing some of their holdings in the company after the end of a post-flotation lock-in.

Star fund managers Anthony Nutt and Philip Gibbs sold down the biggest stakes, both cutting their holdings by more than a third.

The sale of 26.19 million shares, or 5.7 percent of the company, at 240 pence each, making a total deal size of 62.8 million pounds, fell short of the maximum 31 million shares touted earlier on Tuesday.

Jupiter shares were down 2.08 percent at 250 pence by 1136 GMT after the final price of the placing was announced. The shares had sunk nearly 7 percent in earlier trading to as low as 241.1p, their lowest since last October.

Bonham Carter, one of seven directors to sell on Tuesday, sold 555,103 shares, leaving him with a holding of 14,000,000, or 3.06 percent of the company.

Nutt, who sold 7.5 million shares, still holds 2.84 percent after the placing, and Gibbs 1.97 percent after selling 5.3 million.

Chief Investment Officer John Chatfeild-Roberts sold close to 2.8 million shares, leaving him with a 1.56 percent holding.

LONDON (Reuters) – Jupiter Fund Management Plc (JUP.L: Quote, Profile, Research) chief Edward Bonham Carter and other executives are in line for a near 80 million pounds windfall after announcing plans to cash some of their holdings after the end of a post-flotation lock-in.

Bonham Carter and others including high profile money managers Anthony Nutt and Philip Gibbs are selling a total of 31.3 million shares or 6.8 percent of Jupiter stock, helping send its shares down as much as 7 percent to their lowest level in some eight months.

Jupiter did not specify how much individual shareholders were selling but based on Monday’s closing price the sale would be worth 79.9 million pounds.

Jupiter shares were down 4.8 percent at 243 pence by 0830 GMT after sinking nearly 7 percent in earlier trading to as low as 241.1p, their lowest since last October.

JP Morgan Securities is acting as sole bookrunner for the sale and joint lead manager, while Numis Securities is joint lead manager.

The sale marks a resumption of relations with JP Morgan, which led last year’s IPO alongside Bank of America Merrill Lynch.

Jupiter’s share price remains around 50 percent up on its 165 pence listing price, set in its June 21 2010 initial public offering that raised 220 million pounds for the company and secured 33.5 million pounds for its owners.

LONDON (Reuters) – Jupiter Fund Management Plc (JUP.L: Quote, Profile, Research) chief Edward Bonham Carter and other executives are in line for a near 80 million pounds windfall after announcing plans to cash some of their holdings after the end of a post-flotation lock-in.

Bonham Carter and others including high profile money managers Anthony Nutt and Philip Gibbs are selling a total of 31.3 million shares or 6.8 percent of Jupiter stock, helping send its shares down as much as 7 percent to their lowest level in some eight months.

Jupiter did not specify how much individual shareholders were selling but based on Monday’s closing price the sale would be worth 79.9 million pounds.

Jupiter shares were down 4.8 percent at 243 pence by 9:30 a.m. after sinking nearly 7 percent in earlier trading to as low as 241.1p, their lowest since last October.

JP Morgan Securities is acting as sole bookrunner for the sale and joint lead manager, while Numis Securities is joint lead manager.

The sale marks a resumption of relations with JP Morgan, which led last year’s IPO alongside Bank of America Merrill Lynch.

Jupiter’s share price remains around 50 percent up on its 165 pence listing price, set in its June 21 2010 initial public offering that raised 220 million pounds for the company and secured 33.5 million pounds for its owners.

LONDON (Reuters) – Pension income expectations have dropped in the past two years and just over half of the people in Britain are saving enough to fulfil their pension targets, a study by Scottish Widows showed.

A “widespread and ingrained inertia” is preventing many people putting aside enough to reach an average pension pot generating what they deemed sufficient at retirement — 23,400 pounds a year — the report said.

Only two years ago, the expectations of the pension pot stood at 27,900 pounds. But respondents still want to retire at around 62 years old.

“This year’s report clearly illustrates the stark difficulty we face in helping people to recognise the urgent need to take personal responsibility for their future,” said Ian Naismith, head of pensions market development for Scottish Widows.

The findings echo a previous study by HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz)..

Respondents said they could afford to put aside an additional 97 pounds per month on average for the long-term — compared with the 58 pounds Scottish Widows estimated necessary to prepare adequately for retirement — but were failing to do so.

The study found 51 percent of 5,200 respondents were making enough provision for their retirement, up from 48 percent in 2010.

LONDON (Reuters) – Pension income expectations have dropped in the past two years and just over half of the people in Britain are saving enough to fulfil their pension targets, a study by Scottish Widow showed.

A “widespread and ingrained inertia” is preventing many people putting aside enough to reach an average pension pot generating what they deemed sufficient at retirement — 23,400 pounds a year — the report said.

Only two years ago, the expectations of the pension pot stood at 27,900 pounds. But respondents still want to retire at around 62 years old.

“This year’s report clearly illustrates the stark difficulty we face in helping people to recognise the urgent need to take personal responsibility for their future,” said Ian Naismith, head of pensions market development for Scottish Widows. The findings echo a previous study by HSBC (HSBA.L: Quote, Profile, Research).

Respondents said they could afford to put aside an additional 97 pounds per month on average for the long-term — compared with the 58 pounds Scottish Widows estimated necessary to prepare adequately for retirement — but were failing to do so.

The study found 51 percent of 5,200 respondents were making enough provision for their retirement, up from 48 percent in 2010.

The rate of adequate pension savers drops to around 25 percent when those with a defined benefit pension were excluded, while 20 percent of people were failing to save anything at all, the report said.

LONDON (Reuters) – Wealthy individuals who make investment decisions based on emotion rather than strategy can lose up to 20 percent of their returns over a 10-year period, a Barclays Wealth study on Monday showed.

Following a pre-determined investment strategy can help investors avoid costly mistakes like buying high and selling low when markets are in crisis, the report said.

“We are suggesting to people not to trade so much because it is not in their interest … You should only change strategy in periods of quite reflection. (Investment strategy) is allowed to evolve over time but you have to do it in a thoughtful way,” Greg Davies, head of behavioural finance at Barclays Wealth, said.

That discipline pays dividends, Davies said, pointing out that those who stuck to a structured investment strategy are on average 12 percent richer than those who do not.

Davies and his team of behavioural finance specialists track and analyse investor reaction to market dynamics and study how their emotions impact investment decisions.

Their study — Risk and Rules: The Role of Control in Financial Decision Making — has highlighted that many of the world’s rich wish they had greater willpower to maintain their investment strategies.

Two in five high-net worth individuals said that they wished they traded less and stuck to their investment strategy, with the figure hitting 86 percent in Taiwan and 70 percent in Hong Kong.

LONDON, June 6 (Reuters) – Wealthy individuals who make investment decisions based on emotion rather than strategy can lose up to 20 percent of their returns over a 10-year period, a Barclays Wealth study (BARC.L: Quote, Profile, Research, Stock Buzz) on Monday showed.

Following a pre-determined investment strategy can help investors avoid costly mistakes like buying high and selling low when markets are in crisis, the report said.

“We are suggesting to people not to trade so much because it is not in their interest … You should only change strategy in periods of quite reflection. (Investment strategy) is allowed to evolve over time but you have to do it in a thoughtful way,” Greg Davies, head of behavioural finance at Barclays Wealth, said.

That discipline pays dividends, Davies said, pointing out that those who stuck to a structured investment strategy are on average 12 percent richer than those who do not.

Davies and his team of behavioural finance specialists track and analyse investor reaction to market dynamics and study how their emotions impact investment decisions.

Their study — Risk and Rules: The Role of Control in Financial Decision Making — has highlighted that many of the world’s rich wish they had greater willpower to maintain their investment strategies.

Two in five high-net worth individuals said that they wished they traded less and stuck to their investment strategy, with the figure hitting 86 percent in Taiwan and 70 percent in Hong Kong.

LONDON (Reuters) – Britons fear a cash-strapped retirement but fail to plan for their old age, while Asians look forward to bumper pensions for which they are actively planning, a study by HSBC bank showed on Thursday.

Fifty-seven percent of the 1,000 UK respondents aged between 30 and 59 years expect work-based pensions to become less and less generous, but their global peers are streets ahead in their efforts to plan for the likely shortfall.

“The emergence of this ostrich generation is a real concern. Britons know that they need to plan and save more for their retirement, yet they are not turning this knowledge into action,” said David Wells, head of investments, pensions and savings at HSBC.

Mark Twigg, executive director at Cicero Consulting and report author, said women in their 50s, who often have little or no personal pension savings, are the most pessimistic.

Among UK respondents, people who think they will be worse off than their parents outnumber those who think the opposite by 22 percent — the largest percentage after France and the United States, where reforms to generous state and corporate pensions are also set to cut pension incomes.

Pension reforms aimed at avoiding poverty in old age by encouraging savings have not yet sunk in with the British public either.

Only 42 percent of the UK sample has heard of the new National Employment Savings Trust, the pension scheme designed to cater for low to medium income workers with no pension schemes from 2012.