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Absolute return is next target for Omnis

Openwork chief executive Keith Carby says an absolute return offering is likely to be the next port of call for new investment firm Omnis.

Carby says the firm has done market research with its 2,500 advisers and has found growing demand for these types of product.

He says: “We have not decided what shape it will take but from daily discussions and regular surveys with advisers, the impression is that this is a logical addition to the offering. We want to make sure there is a big demand for any product we look to bring to market.”

Omnis Investments, which was created from a strategic tie-up between Openwork and Octopus Investments, went live this Monday with the launch of its cautious, balanced and advanced multi-manager portfolios.

The funds will be managed by Lothar Mentel, director of multi-manager funds at Octopus. He will be assisted by fund managers Bish Limbu and Colin Lunnon.

Octopus managing director Guy Miles says: “We are big fans of absolute return and it comprises a main part of our business but any appointment to a fund will come following an independent tender process as it is important to recognise the independence of Omnis from Octopus.”


Loans for home purchase up by 4%

The number of loans made for house purchase rose by 4 per cent to 52,700 in May from April’s figure but remortgaging fell by 14 per cent to 71,000 loans, says the Council of Mortgage Lenders. Remortgaging was down by 23 per cent year on year.

Winning service

“The first thing you will need is a wrap service,” an IFA friend told me. So I typed wrap into Google and was offered a choice of accessories from Monsoon or a Mexican wrap with spicy sausage.

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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