Restricted national Openwork has confirmed the remaining fund managers to complete its seven-strong investment fund proposition Omnis.
Schroders has been given the mandate for the Omnis Global Fixed Interest fund, under the management of Bob Jolly, while the Omnis International Equities fund will be managed by Thomas White International’s Doug Jackman.
The Omnis Alternative Strategies fund will be run by Octopus Investments fund managers Colin Lunnon and Simon Reynolds, while the Omnis UK Fixed Interest fund will be managed by Threadneedle’s David Oliphant and Richard Stevens
In December, Money Marketing revealed Openwork is mandating Omnis for the majority of its investment advisers for the second quarter of this year.
Omnis, a joint venture between Openwork and Octopus Investments, initally launched with cautious, balanced and adventurous model portfolios.
Last month it announced the Omnis UK Equities fund will be managed by Schroders UK equity fund manager Errol Francis and Ed Meier, the Omnis US Equities fund will be managed by The Boston Company senior managing director of large cap growth Elizabeth Slover and the Omnis Emerging Markets Equity fund will be managed by Jupiter global emerging markets fund manager Kathryn Langridge.
Omnis already has multi-manager funds, managed by Octopus, and three single strategy funds, managed by Threadneedle.
Openwork says clients will have access to all funds at between 10 and 15 basis points cheaper than market prices.
The group has yet to decide how the seven funds will be blended to form the cautious, balanced and adventurous portfolios.
Openwork propositions and marketing director Philip Martin says: “The important decision in choosing the managers of these fund was not just the fund managers but the capabilities of the investment house to do the research on each area of the market. It’s much more of an institutional relationship between the asset managers and ourselves.”
|Fund name||Fund manager|
|Omnis UK Equities Fund||Schroders|
|Omnis US Equities Fund||The Boston Company (BNY Mellon)|
|Omnis International Equities Fund||Thomas White International|
|Omnis Emerging Markets Equity Fund||Jupiter|
|Omnis Alternative Strategies Fund||Octopus Investments|
|Omis Global Fixed Interest Fund||Schroders|
|Omnis UK Fixed Interest Fund||Threadneedle|