Old Mutual Global Investors (OMGI) has held onto the top spot in the latest Pridham Report but could fall down the rankings once the business loses its single-strategy funds later this year, the report said.
OMGI was the best-selling retail fund group of 2017 and has retained that position in the first quarter of 2018. Net retail sales for the firm were £910m, although this was down from £1.1bn in the fourth quarter of 2017. However, the business is due to split its single-strategy funds from its multi-asset funds later this year with the single-strategy business being taken over by Richard Buxton. Paul Feeney: OMGI single-strategy business 'less aligned' with OMW The report said: "OMGI has featured prominently in the sales tables over the past two years but its figures will no long...
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