St James's Place has said it is close to a decision on the future of the segregated mandates run for the wealth manager by Invesco Perpetual's Neil Woodford.
In a presentation to analysts following the wealth manager's annual results, SJP CEO David Bellamy (pictured) said the firm had been meeting with alternative fund managers, and with the exiting Woodford with regard to his new venture. "We are very close to a solution and will begin the communication process with clients in a few weeks," Bellamy said. "What other investors will do is anyone's guess." The mandates include the £1.3bn SJP UK High Income fund, run as a mirror of Woodford's £13.1bn Invesco Perpetual High Income fund. Woodford is set to leave Invesco in April to run the e...
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