St James’s Place is making changes to the manager line up on two of its funds, while expanding the remit of two others, effective from 31 July.
The firm's Global Absolute Return fund will see Fulcrum Asset Management joining existing managers Amundi, BlackRock, Payden & Rygel, Wellington and State Street Global Advisors. The fund launched in 2012 and currently has £8.1bn in assets under management, having returned -2.7% compared to a sector average of 10.4%, according to data from FE fundinfo. Additionally, the SJP Japan fund, currently managed by Comgest, will see Dalton Investments joining the management team. The £549.9m fund has lost 22.7% over the last five years, compared to the LF Japan Equities average of 11.5% ret...
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