Old Mutual preparing aggressively managed FTSE 100 fund for the onshore retail market

Old Mutual Asset Management (OMAM) is to launch an aggressively managed FTSE 100 portfolio, believing this is something the onshore retail market does not yet have. Prompted by demand from the intermediary community, includ-ing groups such as Hargreaves Lansdown, the fund will aim to outperform the FTSE 100 through active stockpicking. With around 40, and no fewer than 35, holdings, the fund is intended to be more concentrated than the blue chip portfolios currently on sale to intermediaries. Richard Moore, who runs the group's £52m UK Growth fund and co-manages its recently launche...