LONDON, Nov 19 (Reuters) - Jupiter Asset Management

has poached a trio of veteran European equities managers

from GAM Investments, the UK fund firm said on Tuesday, as it

seeks to build its franchise following modest asset outflows in

its third quarter.

UK and European fund firms have grappled with

underperforming European equity strategies for many months, as

investors pare exposure to weakened European economies in favour

of U.S. companies with more attractive earnings profiles.

Niall Gallagher, Chris Sellers and Chris Legg, who presently

manage around 1.4 billion pounds ($1.77 billion) in assets at

GAM for a range of retail and institutional investors, will be

joining Jupiter by the summer of 2025, Jupiter said in

statement.

Jupiter shares, which have fallen more than 12% so far this

year, were trading 2.4% higher at 0851 GMT.

The team has delivered top quartile performance over almost

all time periods and have reported net positive inflows into

their strategies over the last five years, while other firms

have struggled to retain investors.

Actively-managed cross border and UK domiciled European

equity funds have suffered more than 100 billion pounds of

cumulative net outflows over the same time frame, Jupiter said,

citing data to end-July from Broadridge.

"As we realign our investment expertise within the core area

of European equities, we are excited that Niall, Chris and Chris

will be joining Jupiter," Kiran Nandra, Head of Equities, at

Jupiter Asset Management said in a statement.

"We believe that their strong investment track record and

institutionally-driven investment approach will lead to improved

client outcomes for a broader range of clients."

($1 = 0.7903 pounds)