SJP hands absolute return multi-asset mandate to Amundi

Awarded new £2.8bn strategy

clock • 1 min read
Amundi's head of multi-asset Matteo Germano

Amundi's head of multi-asset Matteo Germano

St James’s Place has appointed Amundi Asset Management to manage a new £2.8bn Global Absolute Return Multi-Strategy mandate that is targeting an absolute return of cash plus 5% to 6%.

Amundi's Milan-based global absolute return team, headed by Davide Cataldo, will manage the sterling-denominated mandate on behalf of UK investors. The asset manager said the strategy will employ "both directional and relative value investment ideas" in the portfolio, to achieve a high level of diversification and with a "focus on downside protection, utilising multiple layers of risk management". The strategy, which is classified as Article 8 under SFDR, will be managed using Amundi's proprietary ESG analysis and rating methodology to integrate ESG. As of 30 September 2021, Amundi...

To continue reading this article...

Join Investment Week

  • 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


More on Multi-asset

European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
David Coombs, head of multi-asset at Rathbones Unit Trust Management

Rathbones' Coombs: Multi-asset funds 'called it right' but unable to combat hardship

Rathbone Multi-Asset Strategic Growth

clock 05 August 2022 • 3 min read
Deep Dive Property: Not the same situation as 2008

Deep Dive: Property markets in this recession are not like 2008

Property acting more like a bond

clock 05 August 2022 • 5 min read