Omnis Investments has replaced Octopus Investments with PineBridge Investments as manager of its £270m multi-manager fund range, effective 1 October.
The move see Omnis end its relationship with the Octopus multi-manager team, which had run the funds since their inception in 2008. Multi-manager funds slash equity exposure to lowest level Omnis' multi-manager fund range, including its Adventurous, Balanced, Cautious and Distribution funds, will now be managed by Pinebridge's Michael Kelly, global head of multi-asset and Hani Redha, portfolio manager, global multi-asset. The managers have been given a mandate to "maximise value through a demonstrably active investment approach capable of delivering outperformance over the medium t...
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