Octopus MM service breaks through £500m AUM barrier

Group's manager Bish Limbu aims to hit £1.5bn in assets under management by year end

Octopus Investments’ multi-manager service has broken through £500m of client assets under management following strong daily demand of £2m into its three fund ranges. Fund manager Bish Limbu says Octopus has plans to be one of the largest multi-manager providers and has set an ambitious target of £1.5bn under management at year end. Limbu says after becoming profitable during the third quarter of last year, the group set out to add new analysts to the team and upgrade its research systems. Most of Octopus multi-manager’s AUM comes from its Omnis range, which is run on behalf of Ope...