Retail Investors

Wealth manager appoints Pimco to manage multi-asset class fund

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The big US-based investment management firm, Pimco, has been appointed to manage a UK wealth management firm’s multi-strategy fund vehicle.

The appointment by St James’s Place enables UK investors’ access to Pimco’s investment strategies – which include investments in shares, bonds and commodities.

The fund, St James’s Place Wealth Management Unit Trust Group Multi-Asset, will be managed by the team responsible for the Pimco Global Multi-Asset strategy.

“We are committed to placing client needs at the centre of our investment approach and our collaboration with St James’s Place is an important development in extending our investment management expertise into