St James’s Place suspends dealing in £924m property fund
Defers redemptions in Property Life and Property Pension funds
Defers redemptions in Property Life and Property Pension funds
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Changes will reduce the firm’s underlying cash result ‘over the next few years’
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Mark FitzPatrick to replace Andrew Croft
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Joe Wiggins returns to the firm
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Hetal Mehta takes up the newly-created role
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Largest underperforming fund was Baillie Gifford Global Discovery
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Alan Goodman will join the firm this month
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Funds that failed include Balanced Managed, Japan and Strategic Income
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Group FUM hit a record £157.5bn over six months
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Changes signal a more global, multi-manager approach
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Discretionary fund management saw £430m of new money
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Acquisition takes its assets under management to more than £650m
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