Coram Asset Management is to change its name to MitonOptimal (UK) Ltd and launch its Model Portfolio Service (MPS) following the successful integration of the Minerva Fund Managers business (a specialist discretionary fund manager acquired in July 2017).
James Sullivan, Director at MitonOptimal (UK) Ltd, commented ‘Since the acquisition of Coram by MitonOptimal last summer, significant progress has been made within the UK business, and rebranding to reflect the identity of the wider international group is the natural evolution of our relationship.
The Coram brand will be retained across the multi-asset funds and therefore existing fund names will remain unaffected.
Paul Warner, Head of Model Portfolio Services at MitonOptimal, commented ‘The MPS leverages off over 20 years of process and performance that was achieved under the Minerva brand, now complemented by the additional investment resource offered by MitonOptimal.
Our MPS will provide a suite of model portfolios utilising our proprietary risk profiling. Traditionally the investment industry has used volatility as a barometer for risk, however, we believe that a client’s perception of risk is better defined by the drop in value that a portfolio could potentially experience. Accordingly, the algorithm used to create MitonOptimal’s risk profiling incorporates maximum drawdown.
Alongside the risk profiled model portfolios, and in keeping with our heritage, we shall continue to satisfy the needs of investors wanting to align their investments with their values and provide a range of Socially Responsible Investing (SRI) solutions.
Supporting financial advisers will be welcome to attend the MitonOptimal quarterly investment meetings to ensure they are well versed in the makeup of, and rationale for, the model portfolio construction’.
Coram Asset Management was founded in August 2014 and acquired by MitonOptimal International in October 2016. The MitonOptimal Group has a presence in Guernsey, South Africa, United Kingdom, Isle of Man and Singapore and offers discretionary fund management and fund management services to intermediaries and institutional investors around the world.
Minerva Fund Managers was founded in 1991 and acquired by MitonOptimal (UK) Ltd in July 2017.
There will be 5 risk profiled model portfolios and 4 SRI model portfolios available across a number of platforms. The fee for the MPS service shall be 30 basis points (excl. VAT).
James Sullivan, MitonOptimal (UK) Ltd, Director +44 (0) 7971 324106
Mel Kennard, MitonOptimal (UK) Ltd, Director +44 (0) 7967 603364
Paul Warner, MitonOptimal (UK) Ltd, Head of Model Portfolio Services +44 (0) 7918 704380