St James's Place drops £3.5bn funds in blow to Woodford

Pedro Gonçalves
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St James's Place drops £3.5bn funds in blow to Woodford

St. James's Place has dropped Woodford Investment Management from the running of a suite of its funds, replacing it with Columbia Threadneedle and RWC Partners. SJP had been a supporter of the underperforming fund manager and had said, as recently as last week, it would stick by Woodford. However, in a notification to the stockmarket on Wednesday, St James's Place announced it had terminated its mandate with WIM. The mandate comprises £3.5bn worth of assets under management in its UK High ...

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