St. James's Place PLC Changes to management of St. James's Place funds (2734B)
2019年6月6日 - 12:00AM
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RNS Number : 2734B
St. James's Place PLC
05 June 2019
Changes to management of St. James's Place funds
St. James's Place, the wealth management group, today announces
that it has terminated its mandate with Woodford Investment
Management ("WIM"), and is appointing Columbia Threadneedle Asset
Management ("Columbia Threadneedle") and RWC Partners ("RWC") as
managers of its UK High Income Unit Trust, UK Equity (Life and
Pension), Income Distribution (Life) and SJPI UK High Income
funds.
Richard Colwell of Columbia Threadneedle and Nick Purves of RWC,
will be jointly responsible for this mandate. Nick Purves is St.
James's Place's longest-standing fund manager, and co-manages the
Equity Income Fund. Richard Colwell has managed money for St.
James's Place clients since 2014 as lead manager of the Strategic
Managed fund.
While the St. James's Place funds managed by WIM were separate
mandates and not part of the Equity Income Fund suspended earlier
this week, the St. James's Place Investment Committee believes
these changes will ensure its clients' investments continue to be
managed effectively.
Under new management, these funds will remain as segregated
mandates and St. James's Place will retain responsibility for asset
custody and security. There will be no impact on the investment
objective for these funds. The funds' investment criteria will
retain a strong liquidity profile, and remain focused on income,
with a weighting to FTSE 350 stocks.
Enquiries:
St. James's Place Tel: 020 7514 1963
Jamie Dunkley, External Communications Email: jamie.dunkley@sjp.co.uk
Director
Email: roy.beale@sjp.co.uk
Roy Beale, Head of Media Relations
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END
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