SJP hands £4.6bn multi-asset management mandate to Royal London AM

After Schroders given sustainable mandate

SJP has handed the mandate for its £4.6bn multi-asset Strategic Managed fund to Royal London Asset Management (RLAM).

RLAM will run a bespoke, active asset allocation mandate, SJP explained. This is set to comprise "predominantly" low active risk strategies that minimise tracking errors, it added. The multi-asset strategy is expected to be adjusted through time, in line with the fund manager's active strategic and tactical asset allocation views. Over 25% of St James's Place funds fail to deliver value as 80% red-flagged for performance SJP said this would "help to maintain access to a broad range of asset classes, but at a lower cost than is typically associated with active management". The fu...