NU Online News Service, Oct. 15, 9:30 a.m. – The U.S. asset management group of Old Mutual plc, London, today announced the debut of a new subsidiary company to provide its asset management expertise to managed-account program sponsors.
The new company, Old Mutual Investment Partners, will perform sales, marketing and client-service functions for participating Old Mutual member firms. It will offer a range of investment strategies from a number of Old Mutual subsidiary firms, giving managed account program sponsors a single point of contact and a dedicated support team covering various managers and strategies.
Four Old Mutual firms will participate in the new firm’s roll-out: value equity specialist Thompson, Siegel & Walmsley; growth equity specialist Provident Investment Counsel; real estate specialist Heitman; and international equity specialist Clay Finlay. Together, the four firms currently manage over $3 billion in a variety of managed-account programs.