St James's Place

Funds under management at St James's Place climbed £2.4bn to £24.8bn in the three months ending 30 September, and have now doubled over the last five years.

Adrian Frost and Adrian Gosden of Artemis are to run a new UK and global income fund for St. James's Place (SJP).

St. James's Place is eyeing further development of its fund range after recording a 60% jump in Q2 unit trust sales.

St. James's Place has put three funds run by Nick Purves under review following his resignation from Schroders this week.

Invesco Perpetual's Neil Woodford is one of a trio of highly regarded managers appointed to run balanced managed unit trusts for St. James's Place.

St. James's Place recorded an 84% surge in unit trust and ISA investments over the first quarter of the year.

St James's Place has launched three new funds, picking industry heavyweights such as Mark Lyttleton and Jonathan Asante to run the mandates.

Lloyds Banking Group could be about to sell its entire stake in St James's Place.

St James's Place posted a £2.3bn net inflow last year to reach record funds under management of £21.4bn at end 2009.

Aberdeen Asset Management's Hugh Young continues to be heavily underweight Japan, despite the country enjoying its fastest period of growth for over two years.