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
St James’s Place
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St James’s Place cuts charges and switches manager lineup on two funds
While external manager charge on the £2.9bn Emerging Markets Equity strategy has increased slightly
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St. James’s Place swaps Ninety One for Robeco on European fund amid manager changes and fee cuts
The Balanced Managed and Continental European funds will have lower ongoing charges
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St James’s Place defends remuneration policy after mini shareholder revolt
Firm issued a statement this morning after 22% voted against remuneration report at May AGM
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St James’s Place suspends dealing in £924m property fund
Defers redemptions in Property Life and Property Pension funds
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St James’s Place rebukes criticism of fee restructures as ‘absolutely incorrect’
Mark Polson from Lang Cat and Holly Mackay of Boring Money comment on the transition
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SJP hires ex-Prudential boss as chief executive
Mark FitzPatrick to replace Andrew Croft
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St. James’s Place names director of investment research
Joe Wiggins returns to the firm
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SJP hires economic research head from LGIM
Hetal Mehta takes up the newly-created role
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SJP attracts £3.4bn net inflows despite declining profits
Group FUM hit a record £157.5bn over six months
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SJP makes raft of management changes to funds in new ‘global’ approach
Changes signal a more global, multi-manager approach
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M&G names SJP’s Matthew Ings as head of adviser academy
He joins M&G after 10 years at St James’s Place
