Old Mutual Global Investors chief executive Julian Ide says the asset manager is considering whether it can launch a fund of Old Mutual funds.
Asked at the Old Mutual Wealth investor presentation last week whether Old Mutual Global Investors could expand its offering with multi-asset, Ide says: “On the multi-manager desk the whole basis, philosophy and process is based around best of breed manager selection.
“There are a few of the UK managers within Old Mutual Global Investors already included in that programme, but it is a very small number. We are going to continue to preserve the offering in that way.
“There is no limit or base to how much, it is a pure best of breed decision by the managers. It has been very important to establish early on how that will continue.
“However, there is an opportunity to develop what we would call a fettered multi-asset capability just in Old Mutual Global Investors and the likelihood is the pricing for that would probably be at a lower base.
“We already have a good track record in managing assets internally and we are looking at whether we can commercialise that with the Old Mutual Wealth team.”
AWD Chase de Vere head of communications Patrick Connolly says: “You have to be confident that a company has strength in the areas it is looking at investing in and I am not convinced that Old Mutual has that.”