OPM battle with Octopus hots up

OPM Fund Management has upped the ante in its ongoing battle with Octopus Investments over rights to the acronym OPM.

The group told clients today it has now written to Octopus asking it to stop using 'OPM' to describe its Octopus Portfolio Manager discretionary investment service. Identity confusion arose late last year when Octopus launched the service, run by its fund of funds team, using OPM in promotional material on its website. At the time, OPM Fund Management took legal advice on its position. Today, Richard Carswell, OPM Fund Management's business development manager, told clients: "We have written to advise Octopus that their use of OPM is an infringement of our registered trademark. "We...