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
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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...

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