St. James's Place removes AXA IM's Beveridge as manager of Balanced Managed fund

GMO and Jennison Associates appointed

Tom Eckett
clock • 2 min read

St. James's Place has replaced AXA Investment Managers' Mark Beveridge as manager of its £777m Balanced Managed Unit Trust.

GMO portfolio manager Ben Inker and Jennison Associates' global equity head Mark Baribeau have been appointed to manage the trust. The changes remain subject to regulatory approval and AXA IM will continue to manage the fund during the interim period. Inker, who will be  lead manager on the trust, will manage 80% of the fund's assets using a value-orientated, asset allocation strategy, while Baribeau will be in charge of the remaining 20%, which will sit in a concentrated portfolio of global equities. St. James's Place said it is making the switch as part of the standard investment...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot