Andrew Formica Net Worth: What Is the Purpose of Jupiter Fund Management Plc?

Andrew J. Formica is the CEO and a director of the company. He is in charge of everything. Andrew was the Co-CEO of Janus Henderson Group plc until the end of 2018. From 2008 until the company merged with Janus Capital in 2017, he was the CEO of Henderson Group plc.

The Story of Andrew Formica’s Life

Before joining the executive committee in 2004, he held a number of high-level jobs at Henderson. He was the company’s Head of Equities and Co-Managing Director of Listed Assets before he was named CEO (as of September 2006).

At first, he worked for Henderson as a manager and analyst of stocks. Hammerson became a non-executive director in November 2015. Until September of this year, Andrew was The Investment Association’s vice chairman.

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Andrew J. Formica is the company’s CEO and director. Andrew was the CEO of Henderson Group plc before it joined forces with Janus Capital in 2017. In 2018, he was Co-CEO of Janus Henderson Group plc for a short time.

Andrew Formica Net Worth

Biography of Andrew Formica

Andrew J. Formica is the Company’s Chief Executive Officer and Director. Andrew was the Co-CEO of Janus Henderson Group plc until 2018. From 2008 until the merger with Janus Capital in 2017, he was the CEO of Henderson Group plc. He worked at Henderson from 1998 to 2004, when he became a member of the company’s executive committee.

Before being named CEO, he was Joint Managing Director of the Listed Assets business (starting in September 2006) and Head of Equities (from September 2004). At the beginning of his career, he worked for Henderson as an analyst and manager of stocks.

Andrew was the vice-chairman of The Investment Association’s board of directors until September 2018. Since November 2015, he has been a non-executive director of Hammerson plc.

Early Life

Even though his wife’s name isn’t shared on social media, we found out that he is married. We find out later in the book that he has four kids and got married in a big way in Sydney.

We can also believe that he and his wife are happy together. Usually, when a well-known person leaves their job, there is a big announcement and family members get together, but this time there is nothing.

Andrew Formica Net Worth

What Is Andrew Formica’s Age?

Since 2019, Andrew Formica, who is 48 years old, has been the CEO and director of Jupiter Fund Management Plc. At Jupiter Fund Management Plc, there are six older executives, but no younger ones. Bridget Macaskill, an Independent Non-Executive Director of Jupiter Fund Management Plc who is 71 years old, is in charge of the company.

What Is the Purpose of Jupiter Fund Management Plc?

Keeping track of investments Jupiter Fund Management Plc is a company that is traded on the stock market. The company manages hedge funds, multi-manager products, client-focused portfolios, mutual funds, and hedge funds for its clients.

It puts money into the public stock markets of the UK, Europe, and other developing markets outside of the UK. The company also puts money into fund-of-fund products, hedge funds, and absolute return funds. The company was started in 1985 and is based in London, United Kingdom.

Andrew Formica Net Worth

Career

Arthur Laffer was Wood’s mentor during his three years as an assistant economist at Capital Group. In 1980, she was hired as the firm’s chief economist, analyst, portfolio manager, and managing director by Jennison Associates, a financial consulting firm in New York City.

He has been working there for 18 years. In the early 1980s, she asked Henry Kaufman why he thought interest rates had reached a high point. In 1998, Wood and Lulu C. Wang came up with the idea for the hedge fund Tupelo Capital Management.

He worked at AllianceBernstein for 12 years and was in charge of investing $5 billion in global theme strategies. During the financial crisis of 2007–2008, a lot of people didn’t think she did a good job.

Wood started Ark Invest in 2014 after his idea for actively managed ETFs based on disruptive innovation was turned down by AllianceBernstein.

Wood was reading the One-Year Bible when he decided to name his company after the Ark of the Covenant. Bill Hwang of Archegos Cash put money into the first four ARK ETFs.

The former head of Bloomberg News, Matthew A. Winkler, chose Wood as the best stock picker for 2020. As of March 2021, Wood’s two funds were in the top 10 in terms of net assets among funds run by women.

Over the past five years, Wood’s main fund, Ark Innovation, has lagged behind the S&P 500. The fund’s value has dropped by more than 70% in the last year.

How Much Does Andrew Formica Make?

Andrew Formica’s total compensation at Jupiter Fund Management Plc as Chief Executive Officer and Director is GBX1,322,000. Andrew James Formica BA (Econ), FIA, FIAA, MA (Econ), MBA, the highest-paid executive at Jupiter Fund Management Plc, makes $1,753,000.

Children of Andrew Formica

His wife has given him four kids, but no one knows her name. We found out how many people were in his family by looking at his social media pages. He married the love of his life at a big wedding in his hometown of Sydney, and it seems like they are happy together.

Andrew Formica Net Worth

Andrew Formica’s Net Worth in 2022

Andrew Formica is the CEO and Director of the well-known company Jupiter Fund Management. But he recently quit his job and said he was leaving without giving a good reason.

People are talking about him on the Internet, and more and more people want to know about his private life, salary, and net worth.

There is no official source that says how much Andrew Formica makes or how much money he has. However, you can find some estimates online. Some sites say that Andrew Formica’s net worth in 2022 will be around $25 million.

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Final Words

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