The latest in funds and investments across the UK, Europe, Middle East and Africa.

St James's Place
St. James’s Place, the wealth management group, has made several changes to its range of funds.

The changes, which take effect from 30 July, include:

- Boston-based Steve Gorman of Wellington Management will be appointed lead manager for the Alternative Assets Fund.

- Ken Hsia from Investec Asset Management will manage the Continental European fund and will co-manage the Greater European Progressive fund.

- The AXA Framlington Managed fund will be renamed the Balanced Managed fund. Ben Baker of GMO and Mark Baribeau of Jennison Associates will be responsible for its strategy.

- The team at Majedie Asset Management, managers of the UK & General Progressive and UK Growth funds, will be given additional flexibility to invest up to 20 per cent of its strategy in overseas equities.

- The Schroder Managed fund will be renamed the Managed Growth fund for life, pension and international products.