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RDR is driving high volumes of activity in multi sector

Defaqto says that recent mergers, manager moves and new fund launches in the multi-manager industry are due to investment teams making their final preparations for the retail distribution review.

In its half-yearly multi-manager guide for IFAs, Defaqto says advisers are outsourcing investment management to multi-managers now much of the RDR policy has been published.

The guide highlights changes in the multi-manager industry over the past six months, including the acquisition of Thames River Capital by F&C, the launch of Ignis Advisers, management restructure at Schroders and the takeover of Gartmore by Henderson. Fund mergers and name changes at T. Bailey and launches from OPM, Cazenove, TCF and Evercore, are also included.

Defaqto insight analyst for funds and author of the guide Fraser Donaldson says: “The volume of activity in recent months highlights how important it is for IFAs to perform robust due diligence when selecting a multi-manager and to review this market on a regular basis.”

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