"Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, has lost more than two-thirds of its assets after the firm’s largest client severed ties, according to people familiar with the situation.
The decision by wealth manager St James’s Place to terminate its relationship with Somerset was a blow to the London-based firm, and called into question its future, some of these people said."
FT.com
SJP has recently had a lot of criticism for excessive and incomprehensible charges. Maybe it is looking for more economical partners. Maybe there is some other reason.
The decision by wealth manager St James’s Place to terminate its relationship with Somerset was a blow to the London-based firm, and called into question its future, some of these people said."
FT.com
SJP has recently had a lot of criticism for excessive and incomprehensible charges. Maybe it is looking for more economical partners. Maybe there is some other reason.
