View the article online at http://citywire.co.uk/wealth-manager/article/a744646
Invesco loses £7bn to Woodford & Threadneedle in SJP overhaul
by Dylan Lobo on Apr 03, 2014 at 13:50
He added: 'We believe the combination of Richard Colwell’s unconstrained contrarian UK Equity strategy, our ‘quality income’ Global Equity capability run by Stephen Thornber, and Jim Cielinski’s extensive fixed income expertise provides an excellent solution for investors in the Strategic Managed fund.'
In other changes SJP will seed an Emerging Markets Equity fund with £5 million, to be managed by US-based Wasatch Advisors.
SJP chief investment officer Chris Ralph said in a statement: 'This round of appointments and fund changes is the most significant and high profile in our 23 year history. These changes are important in terms of the number of clients affected and the scale of the assets involved.'
He added: 'St James’s Place’s ability to provide our clients with peace of mind through a seamless transition to new fund managers, such as Woodford Investment Management, a new fund management company, is a tangible demonstration of the benefits of our investment approach [and] long-standing relationship with high [a] quality manager.'
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on Aug 01, 2014 at 12:55