SJP to launch global equity fund in bid to diversify assets

St. James's Place is launching a global equity fund in a bid to diversify assets away from fund manager THS Partners, Investment Week understands.

The new fund will be run by five managers, including THSP, to provide investors with exposure to a more broad-based investment management offering. SJP is seeking to move existing investors in THSP-run mandates, with the exception of investors in the International unit trust, into the new Global Equity fund. The fund will use a different investment proposition, supported by the five managers, allowing for greater capacity for future growth in assets. Funds under management run by THSP on behalf of SJP clients have grown to over £5bn, increasing single manager risk and prompting SJP...