(Correcting that only voting rights were affected. There has been no change of ownership.)
LONDON (Alliance News) - FTSE 100-listed asset manager St James's Place PLC on Monday notified the level of voting rights held by the company across a number of investments amid a management shake-up at its funds. Its ownership of the various investments hasn't changed.
St James's Place holds a 4.9% stake in technology intellectual property commercialisation firm Allied Minds PLC, equivalent to 11.9 million shares.
It is interested in 5.0% of FTSE 250-listed outsourcer Capita PLC's 1.67 billion shares.
The wealth manager also owns 17.6 million shares and voting rights in housebuilder Redrow PLC, equivalent to 5.0% of the 352.2 million shares of the FTSE 250-listed firm. It further has 5.0% of fellow housebuilder Crest Nicholson PLC.
St James's owns 18.2 million shares in the FTSE 250-listed corporate services firm Equiniti PLC, equivalent to a 5.0% stake.
The notification comes after St James's Place announced last Wednesday that it had cut ties with embattled Woodford Investment Management. The firm removed Woodford Investment Management - run by star fund manager Neil Woodford - as manager of some of its funds in order to ensure "clients' investments continue to be managed effectively."
St James's appointed Columbia Threadneedle Asset Management and RWC Partners to take on management on some of its funds. This follows Woodford being forced to suspend withdrawals from its LF Woodford Equity Income Fund following significantly capital outflows from investors following a sustained period of underperformance.
