St. James’s Place has launched a Diversified Assets fund to be managed by KKR, a global investment firm.
“The launch of the Diversified Assets fund provides an exclusive opportunity for St. James’s Place clients to invest in a diversified portfolio of public and private market assets within a single investment fund,” said Chris Ralph, chief investment officer, St. James’s Place.
“This strategy will offer our clients access to private market assets which have, historically, only been available to institutional investors.
“KKR has a world-leading, global investment team and will be responsible for targeting growth opportunities in a number of markets, and will provide exposure to private equity, real estate, infrastructure, as well as private and public credit.”
It has also announced changes to its Ethical fund. The Ethical fund will be renamed the Sustainable and Responsible Equity (SRE) fund, which the firm says better reflects its investment objective. London-based Impax Asset Management will take over the management of the fund.
Mr Ralph said the SRE fund “adopts a differentiated philosophy which effectively integrates ESG considerations, as both a source of growth and a risk factor, into a more traditional, fundamental investment process. The fund will invest in globally listed companies which stand to benefit from the transition to a more sustainable global economy.”
These change will come into effect later this year and are subject to regulatory approval.