LONDON, June 5 (Reuters) – Jupiter Fund Management (JUP.L), opens new tab said on Wednesday Alex Savvides will take over running its 1.6 billion pounds ($2.04 billion) UK Special Situations Fund on Oct. 7, with current manager Ben Whitmore delaying his exit by several months to complete an orderly handover.

Whitmore was due to leave the UK fund firm to kickstart his own boutique fund management firm this summer, but will now remain in his role at Jupiter until at least Oct. 31, Jupiter said.