Old Mutual Asset Management (OMAM) is looking at how best to use and expand the active capabilities ...
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 management in an investment process which is dominated by a quants approach.
Following the arrival of Ainsworth and his team of lead fund managers from Hill Samuel, discussions are underway on how best to develop capabilities in the developed markets.
The track records of the Hill Samuel managers outshine the active quant funds, which are currently run by David Ross using a black box system combining valuation and growth measures to construct portfolios, which are OMAM's main offerings in the developed markets.
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