Pacific Investments, the business run by Sir John Beckwith, has launched a multi-asset business, Pacific Asset Management (PAM), and a range of liquid funds, which will become a core focus for the group.
Matthew Lamb, formerly of GAM and most recently global head of liquid alternatives at Deutsche Asset Management, has been appointed head of the division with senior hires expected in the coming months.
PAM's first fund range is aimed at retail investors offering liquid multi-asset vehicles while further fund launches are planned for the institutional market.
Beckwith said: "This is something we have been planning and working towards for two years. We have built a robust institutional infrastructure to ensure that the new team and funds are fully fledged and ready-for-market."
Lamb commented on the new fund range: "We will deploy a modern but common-sense investment approach, which in a zero-interest world will apply institutional processes to a retail customer base with a fee structure to match."
Sir John Beckwith, alongside Mark Johnson, Henry and Piers Beckwith founded Pacific Investment in 1994 and it now runs four divisions; asset management, private equity, real estate and multi-asset.
Pacific has founded a number of asset management businesses over the last 20 years including Liontrust, Thames River Capital, River & Mercantile, Nevsky Capital and Europa Capital, which together currently manage over $20bn of assets.
Sir John Beckwith commented: "We have enjoyed considerable success in the asset management industry over the last two decades.
"We have known Matt for many years and are very excited about him joining us, together with the fund management teams that are shortly to be announced."
£1m target for Cancer Research UK
Regulator warns of risk to over-55s
Group led by Ed Dymott
Don’t pay for familiarity
Investment sector reaction