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Octopus multi-manager reaches £240m in assets under management

Octopus Investments, which recently broke through the £1bn barrier in total funds under management, says it has £240m in assets within its multi-manager funds as at August 25th.

The company says its multi-manager funds comprised around 22 per cent of funds under management when the group’s total assets hit the £1bn mark on August 14th. This was around £221m, but has since increased to £240m.

Total funds under management within the group, which was launched in 2000, are split evenly between the investment areas in which it operates. Its inheritance tax mitigation products comprise around 23 per cent of assets, venture capital trusts make up 22 per cent, enterprise investment schemes comprise 18 per cent, and UK equity Oeics make up 15 per per cent.

Octopus Investments chief executive Simon Rogerson says: “In terms of monies raised, especially during the current climate, this result is truly exceptional. We see scope for more positive returns and expect to bring in more fresh funds for the remainder of the year.”

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