Majedie losses three St James’s Place Mandates

St James’s Place (SJP) has served notice to Majedie Asset Management, who had been contracted to run the UK Growth, UK Income and a portion of the UK & General Progressive funds.  Two of the three strategies had been placed on an internal watchlist by SJP after its value for money assessment flagged concerns over the management of the mandates.  No announcement has been made regarding who will succeed Majedie on the three funds, with an extraordinary general meeting scheduled in June to formalise the decision.

28th May, 2021