SJP merges UK funds as it looks to create 'building block' offering

Majedie removed as fund manager

clock • 1 min read
SJP is merging three of its UK funds to create a £1.8bn fund
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SJP is merging three of its UK funds to create a £1.8bn fund

St James’s Place (SJP) is merging its UK Growth and UK Equity funds into the UK & General Progressive fund, and ousting Majedie Asset Management as it aims to create new 'building block' funds.

As part of these changes, Baillie Gifford and LA Capital Management will be appointed to the fund, renamed the UK fund, along with Schroders, who currently manages the Managed Growth fund, BlackRock, Columbia...

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