St. James’s Place to exit property market after 20 years
Decision to shutter its property funds follows a ‘challenging period’ for the sector as a whole
Sjp
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St. James’s Place: Steady net inflows lead to record funds under management
Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year
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Spot the Dog: Number of underperforming equity funds falls to 137
Strategies underexposed to tech and energy feature prominently in the bi-annual report
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‘A tentative start’: Bank of England cuts interest rates to 5%
MPC voted 5-4 in favour of a 25bps cut
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St. James’s Place discusses ‘future strategic focus’ in H1 results
Plans for cost base reduction aim to reach full run-rate savings of £100m by 2027
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SJP hires Kunal Oak as director of investment products
Kunal Oak joins with 22 years of experience
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St James’s Place sees net inflows shrink while FUM grows in Q1 2024
Inflows fell by 64% compared to Q1 2023 as outflows remained ‘elevated’
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SJP adds to CIO office with hire from Cazenove Capital
Corinne Lord joins the wealth manager
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St James’s Place share price falls over 30% following full-year results
Citi and JP Morgan Cazenove react to dividend cuts and provisions
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Branching Out: SJP’s Dr Sarah Ruggins on Magnificent Seven ‘FOMO’ and the ‘wild ride’ from theory to practice
The head of multi-asset research discusses her experience of putting academia into practice in financial services
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St James’s Place net inflows halve as Jefferies lists stock as ‘buy’
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030
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Somerset Capital to wind down after losing St James’s Place funds
Emerging specialist was dropped by SJP last week and has seen its AUM fall two-thirds since October