View more on these topics

Invesco’s Read and Causer pulled from SJP fund

Paul Causer
Paul Causer

St James’s Place is to pull the management of the £235m SJP Investment grade corporate bond fund from Invesco Perpetual’s Paul Read and Paul Causer.

In the wealth manager’s latest financial results, David Bellamy, chief executive of SJP, says the mandate will be awarded to Ken Buntrock of Loomis Sayles from April this year.

SJP says the move was carried out to reduce its reliance on any one single manager.

Read and Causer have managed the portfolio since inception in March 2009. Both will remain at the helm of the £228.2m SJP corporate bond fund.

SJP will also award the management of the £87m SJP UK growth fund to Majedie Asset Management. This portfolio was previously managed by John Innes of RWC Partners.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com