Investors withdrew £500mln from Jupiter Fund Management PLC (LON:JUP) over the past three months.
European Equities and the Fund of Funds saw the majority of the outflows.
There was also an additional £500mln withdrawal of one mandate in the value equities strategy, but market movements meant overall there was a £1.9bn rise in the value of the funds under management to £44bn at end-March compared to £42.7bn three months ago.
Shares in Jupiter eased slightly to 381.2p.