Taube Hodson Stonex Partners (THS) is launching a retail share class for its flagship £592m International Growth and Value fund, after parting company with St James's Place (SJP) late last year.
It is the first time the fund, which was launched by the late Nils Taube, has been marketed directly to wealth managers in its 20-year history. As of 2011, THS was managing £5bn of assets in open-ended and pension mandates for SJP. But last November SJP severed its ties with THS and ended its tenure managing the St James's Place International Unit Trust, along with other pension mandates. Last week THS wrote an open letter to the Financial Times and the Telegraph thanking investors in the fund for their support. The group has now moved to launch a retail share class for its Intern...
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