Old Mutual plans active approach

Old Mutual Asset Management (OMAM) is looking at how best to use and expand the active capabilities of the firm, according to John Ainsworth, new chief executive of the group. Although no firm decisions are to be taken until OMAM had consulted with major clients. He said: "We want a stable made up purely of top quartile funds." He confirmed that among the planned new offerings would be a UK small cap offering and said that OMAM is currently working to recruit new active managers to work with the Hill Samuel team. Old Mutual has been planning to increase the influence of active managemen...