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Heather Hopkins of NextWealth
St. James's Place (SJP) is looking to launch portfolios of segregated mandates, Investment Week understands.
The firm, which has £96bn in assets under management, does not employ in-house investment managers or use off-the-shelf retail funds, instead utilising its scale to access fund management strategies more commonly available to large institutional investors. The wealth manager was among the first to market with segregated mandates, whereby a number of external managers are selected and contracted to manage its range of funds. Former clients 'lose faith' in SJP after income payment error Historically, a single mandate - often a mirror of an existing retail fund - was unitised. SJP ...
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