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Omam set to offer UK mid-250 fund

Old Mutual Asset Managers is planning to offer a new UK mid-250 fund in February.

The fund will combine the skills of small-cap star Ashton Bradbury and newly recruited UK growth manager Richard Moore, who joined Omam from Singer & Friedlander at the end of last month.

It will invest in a tight portfolio of around 50 to 60 stocks and will be managed in a similar style to Bradbury&#39s UK select smaller companies fund, which was launched in January.

Head of marketing Ian Pascal says the fund will be Omam&#39s main focus for the Isa season and will add to the firm&#39s main areas of expertise in the UK small cap, European and corporate bond sectors.

He says: “We have talked to a few intermediaries who have said they are interested in this sort of area.

“Ashton goes quite a long way up the mid-cap sector, so he is already looking at quite a lot of these companies.

“Richard has the expertise at the other end of the scale from running the UK growth fund, so this should be a good combination.”

Bates Investment head of research James Dalby says: “I have a lot of faith in Ashton. I think from day one it will be a fund which will outperform.”

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