SJP Hands Absolute Return Multi-asset Mandate To Amundi

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• 1 min read

Amundi's head of multi-asset Matteo Germano
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Amundi's head of multi-asset Matteo Germano

St James’s Place has appointed Amundi Asset Management to manage a new £2.8bn Global Absolute Return Multi-Strategy mandate that is targeting an absolute return of cash plus 5% to 6%.

Amundi's Milan-based global absolute return team, headed by Davide Cataldo, will manage the sterling-denominated mandate on behalf of UK investors. The asset manager said the strategy will employ "both...

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