Jupiter full-year pretax profits down 7 percent after drop in assets

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LONDON (Reuters) - British asset manager Jupiter Fund Management posted a 7 percent fall in full-year pretax profit on Friday, after assets under management fell sharply on the back of market volatility.

Pretax profit in the year to end-December was 179.2 million pounds, it said in a statement. Over the year, total assets fell 15 percent to 42.7 billion pounds.

(Reporting by Simon Jessop; Editing by Rachel Armstrong)

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