Multi-tied adviser firm Openwork and product provider Octopus Investments are this year set to join forces to launch a raft of multi-manager funds.
The firms say the strategic tie-up will see the creation of a new investment management company called Omnis Investments. In addition, both companies say they hope the arrangement will lead to further product launches, including in the structured products, mortgages and annuities arenas, in the future. The first products to be launched through Omnis, they say, will be three multi-asset, multi-manager funds, branded Omnis Advanced, Balanced and Cautious, subject to FSA approval. Lothar Mentel, currently director of multi-manager funds at Octopus and previously head of investment products ...
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