St James's Place removes manager of Balanced Managed fund

GMO portfolio manager Ben Inker and Jennison Associates' global equity head Mark Baribeau have been appointed to manage the trust. The changes remain subject to regulatory approval and AXA IM will continue to manage the fund during the interim period. Inker, who will be  lead manager on the trust, will manage 80% of the fund's assets using a value-orientated, asset allocation strategy, while Baribeau will be in charge of the remaining 20%, which will sit in a concentrated portfolio of global equities. St James's Place said it is making the switch as part of the standard investment ...