Resolution Asset Management’s multi-manager joint venture will launch in October under the name Maia Capital, after the Roman goddess of Spring and new beginnings.
Maia, Resolution’s joint venture with former Fidelity managers Chris Ralph, Jason Collins and Simon Mungall, will launch with five funds – three onshore unit trusts and two offshore QIFs – towards the end of the month.
The three multi-manager unit trusts will be a growth fund, a balanced fund and a cautious fund.
The funds, which will generally include around 15-25 holdings, will initially invest solely in collective investment schemes. However, the managers may eventually seek to allocate portions of their overall portfolios to external managers, combining the fund of funds and manager of manager approaches.
Maia will be represented in advertisements and marketing literature by a female superhero.
Resolution says she will be inspired by “athletic, confident and aspirational women” and will stand alongside the four other superheroes – depicting Resolution Investments, Argonaut, Hexam and Cartesian.
Maia, in Greek mythology, was the most beautiful daughter of Atlas, one of the primordial Titans. After an attack by Orion, Maia and her six sisters were sent to the heavens and placed in the constellation Pleiades by Zeus, father of her son Hermes.
Maia will be 50 per cent owned by Resolution and 50 per cent owned by the managers. The managers will bring their intellectual capital and investment management expertise to the joint venture while Resolution will provide distribution and marketing resources, plus the operational, risk and compliance functions.
Resolution Asset Management director Jonathan Polin says: “Maia is a highly appropriate name for our latest joint venture and brings another dimension to our stable of boutiques and superheroes. Chris and the team are raring to go and I’m delighted that we will be able to get the boutique up and running in October.”