SJP drops PIMCO and soft-closes two income funds in latest overhaul

clock

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.

The wealth manager said its SJP Multi Asset fund - currently run by PIMCO's Mihir Worah, Curtis Mewbourne, Vineer Bhansali - will be split across three new teams from November. Invesco Perpetual's new multi-asset team led by David Millar, alongside Mike Hodgson from Schroders and US-based Payden & Rygel (with which SJP has an exclusive UK retail relationship) will now all manage a portion of the strategy, which aims to provide a balance of income and capital growth over the medium to long term. Worah is one of three PIMCO managers assigned to take over management of the $221bn PIMCO T...

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 Managed solutions

How the world has changed for advisers and DFMs over the past 15 years

How the world has changed for advisers and DFMs over the past 15 years

'I am certain the next 15 years will see even more change'

Ben Peele
clock 13 June 2025 • 5 min read
Outsourcing to DFMs: 'Agent as client' or 'agent of client'?

Outsourcing to DFMs: 'Agent as client' or 'agent of client'?

'Know your agreements'

Tony Hicks
clock 30 April 2025 • 4 min read
Why the FCA's latest probe can help solve MPS 'information void'

Why the FCA's latest probe can help solve MPS 'information void'

'MPS growth has been profound in the last decade'

Graham Folley
clock 31 March 2025 • 4 min read