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Old Mutual Wealth’s flagship international multi-asset portfolio range launches

19/04/2016

Old Mutual Wealth announces the launch of a new flagship range of international investment portfolios. The Old Mutual Compass Portfolio range is the first launch from the Old Mutual Wealth multi-asset unit formed last year, run by co-investment directors Anthony Gillham and Ben Mountain, which combines the best in class capabilities from Old Mutual Global Investors (OMGI) and Quilter Cheviot. The new portfolios will be available through Old Mutual International and Quilter Cheviot.

The multi-asset Compass range is designed to provide international investors with exposure to professionally managed, risk-targeted, investment portfolios. The portfolios leverage the complementary skills of OMGI, in portfolio management, and Quilter Cheviot, in fund research – as well as pooling both businesses’ expertise in stock picking. This helps ensure the portfolios benefit from the best investment opportunities available globally, including funds, direct equities and bonds, investment trusts, and alternative investments. 

The objective of the Compass Portfolios is to generate a long-term total return while effectively managing downside risk.  By adopting a risk-targeted approach, with defined volatility parameters for each portfolio, investors will have a better idea of how their investments are likely to perform over the long term, throughout various market conditions. Using a tactical approach to asset allocation, the portfolio managers will review the mix of assets on a regular basis to achieve the best possible returns for each portfolio.

The portfolios’ investment manager is OMGI, and they will be co-managed by Anthony Gillham and Sacha Chorley. There will be a range of four portfolios (Compass 2 to Compass 5) designed to match a different risk profile, with Compass 2 targeting the lowest level and Compass 5 the highest (based on a scale of 1 to 5).  The portfolios will take a truly diversified approach across asset classes, with no specific biases towards regions, currencies or investment styles. The Portfolios will be available in a number of key international currencies.

Marcel Bradshaw (right), sales director, Old Mutual International, comments:

“The launch of the Compass Portfolio range is a great addition to the investment solutions available through Old Mutual International. Compass will provide clients with access to industry leading portfolio management and research capability, wrapped up in the convenience of a fund. The concept of risk-targeted investments is still in its infancy in the international market but interest is building as investors increasingly focus on managing risk in today’s volatile markets.” 

Anthony Gillham, portfolio manager, Old Mutual Compass Portfolios comments:

“The Compass Portfolios are genuinely actively managed; not only do we make long-term strategic asset allocations, there is also a strong focus on tactical asset allocation to manage short-term risks. Through in-depth analysis of markets, we aim to identify the best investment opportunities and when to exploit them. By investing in a diverse mix of assets, via the world’s best fund managers, specially selected direct securities and alternatives, we aim to ensure the best outcome for investors across all economic and market conditions, while consistently operating within an agreed level of risk.”

 

Biographies:

Anthony Gillham

Anthony joined Old Mutual in 2000 and is co-investment director of the multi-asset unit. In 2007, Anthony became a global bond portfolio manager having been a fixed income research analyst since 2006. Prior to focusing on fixed income, Anthony’s areas of coverage included multi-asset, Nordic equities and quantitative US equity and fixed income research. Anthony is a CFA charterholder and has over 15 years of investment experience.

Sacha Chorley

Sacha joined Old Mutual in 2011 and is a portfolio manager in the multi-asset unit. He has assisted in the development of the asset-allocation process and investment tools used across the multi-asset fund ranges, for which he has also contributed to manager selection. Sacha has a degree in Mathematics from the University of Bath, is a CFA Charterholder and has passed all levels of the CAIA exams.

Ben Mountain

Ben is co-director of investments for the multi-asset unit.  Ben joined Quilter & Co in 1999 and is responsible for the Investment Division’s Managed Portfolio Services and the Fund Research team.  Ben is a member of Quilter Cheviot’s Investment Funds Committee and Alternatives Committee. He is a Chartered Financial Analyst (CFA) Charterholder and a Member of the Chartered Institute for Securities & Investment. Ben graduated with a BSc (Hons) degree in information technology for business from Aston University.

Old Mutual Wealth Multi–Asset Unit:

The multi-asset unit of Old Mutual Wealth’s Investment Division, which comprises Old Mutual Global Investors, the award-winning asset manager, and Quilter Cheviot, the market-leading investment manager with a heritage that can be traced back to 1771.

With more than 250 years of combined investment experience, the multi-asset unit has a significant depth and breadth of talent. The team is a true partnership of equals, bringing together two clearly complementary skills sets: Quilter Cheviot boasts excellence in fund research, as well as portfolio management through its managed portfolio service. OMGI brings outstanding experience in managing multi-asset funds via a diverse range of asset classes, as well as its own managed portfolio service offering.

Old Mutual Global Investors:

Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £24.7 billion¹.  The team consists of 230 industry professionals, including a team of 59 investment professionals. As part of Old Mutual Group it has a strong financial parent to support the activation of its business strategy. Old Mutual Global Investors is the asset management division of Old Mutual Wealth. To find out more information please go to:  www.omglobalinvestors.com

For more information contact:

Sophie Heywood  
Corporate Communications Manager | Old Mutual Wealth

M: +44 (0)7834 499 558

T: +44 (0)23 8091 6770 | Ext: 21770
E: sophie.heywood@omwealth.com | W: www.oldmutualwealth.co.uk

Notes to editors:

Quilter is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset and single strategy investment solutions; and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

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