Prism, which has £270m of assets under management, was launched in 2009 as a joint venture arrangement between Paradigm, Octopus Investments and a group of adviser firms. The business currently manages four risk-rated multi-manager funds, all of which have successfully performed against their investment objectives and outperformed their respective IMA benchmarks.
Following the acquisition, Prism will be wholly owned by Tatton Capital, with Octopus continuing to be the investment manager of the existing four funds.
Tatton Capital was launched in October 2012. Under the leadership of Lothar Mentel, the aim is to provide relevant investment management services delivered on wrap platforms for IFAs and their clients. Tatton’s core proposition is a DFM overlay management service for clients with existing advisory model portfolios.
With current assets under management of £300m, the acquisition of the Prism managed fund range complements the existing Tatton offering and focuses the oversight of these third-party funds at Paradigm’s investment management centre of excellence.
Commenting on the deal, Tatton CIO, Lothar Mentel, said:
"The acquisition of Prism Capital Management is important to the future development of the Tatton Capital business and is part of our on-going drive to offer advisers the best and widest possible selection of services and solutions in the market. Using the very latest systems and technology, combined with access to the most talented investment teams available to us, I believe we can offer a modern market-leading investment proposition, which provides a wide range of investors with a very disciplined and reliable investment option for their long term savings needs.”
