Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a747468

SJP adds new strategy to Artisan fund

by Robert St George on Apr 24, 2014 at 07:46

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%.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • St James's Place Global Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

  • St. James's Place PLC (SJP.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Daniel O'Keefe
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • David Samra
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • James Hamel
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet