SJP to review three funds run by Purves

clock

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

Purves, who is joining RWC Partners with Schroder Income fund co-manager Ian Lance, runs three mandates for St. James Place - the £638m SJP Equity Income and the new SJP Managed Growth unit trusts, as well as substantial life and pension assets through the SJP/Schroder Managed fund. St. James's Place CIO Chris Ralph says the group has placed the funds under review and will discuss the ongoing management at its investment committee meeting tomorrow. "We have an established investment process which selects and monitors all our managers," he says. "Clearly the funds are under review. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read