Old Mutual Asset Management is to launch a range of Dublin-based Oeics, writes Robert Stock. ...
Old Mutual Asset Management is to launch a range of Dublin-based Oeics, writes Robert Stock.
This is in order to create wider distribution for the team of fund managers it recruited from Hill Samuel last year.
Old Mutual's head of marketing, Ian Pascal, confirmed that a Dublin lawyer had been appointed by the group and had made approaches to the Central Bank of Ireland.
Pascal said that the group was seeking regulatory status as a fund promoter with a view to setting up a number of offshore funds either later this year or early in 2002.
He added that no firm plans had yet been put in place but the move was driven by intermediary demand for portfolios run by UK smaller companies manager Ashton Bradbury and European equities manager Adrian Farthing.
Bradbury and Farthing joined the group in September last year at the time same that John Ainsworth, another Hill Samuel fund manager, was named chief executive.
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