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SJP adds new strategy to Artisan fund

SJP adds new strategy to Artisan fund

St James’s Place has named a new manager with a new strategy to the £3.5 billion mandate run for it by Artisan Partners.

Since October 2010, the Citywire AA-rated pair of Dan O’Keefe and David Samra (pictured) from Artisan have run the Global Managed and Global funds for St James’s Place according to a value style.

St James’s Place reported that it had been ‘considering the addition of a complementary global strategy that would enable Dan and David to continue to manage the fund whilst catering for the anticipated future growth in assets under management’.

As a result, the firm has now appointed their Artisan colleague James Hamel as an additional manager for the mandates.

‘Whilst also looking to invest at a discount, his strategy has more of a growth bias and seeks to invest in companies with franchise characteristics that are benefiting from an accelerating profit cycle and which have defensible competitive positions,’ St James’s Place explained.

From 28 April, all flows into the funds will be directed to Hamel’s growth strategy.

‘The investment committee believes this appointment provides a strong solution for meeting the future growth requirements of the fund, whilst taking advantage of the other high-quality investment resources at Artisan,’ St James’s Place commented.

Over the past three years the Global fund has returned 49%, top decile in its Citywire Global Equities category, where the average fund has generated 20.8% and the FTSE World index has gained 27%.

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