SJP takes action to turn around two underperforming funds

The latest review found that these two products may not be delivering overall value for money, prompting the firm to take action to turn around their performance. The Alternative Assets fund has not achieved its objective of capital growth since the appointment of Wellington in September 2018 and has underperformed its benchmark as a result. The group said it had taken steps to "re-focus the investment strategies used by the manager, towards ones offering more consistent returns". "We continue to closely monitor the fund, looking at ways to enhance its performance, and plan to make...