Old Mutual Asset Management, the U.S. asset management group of Old Mutual PLC in London, has started a family of four asset-allocation funds featuring management strategies from Old Mutual's U.S. subsidiaries.
Each of the Old Mutual Advisor Funds, which were made available to investors Wednesday, features a different risk-tolerance level. Each fund will incorporate multiple investment strategies from up to 12 firms in the Old Mutual Asset Management group.
A newly established unit in Denver, Old Mutual Capital Inc., will be the investment manager. The subadvisers include specialists in large-cap, midcap, and small-cap growth- and value-oriented domestic stocks; international stocks; emerging-market stocks; real estate; core domestic bonds; high-yield bonds; and international bonds.
Old Mutual Capital has retained Ibbotson Associates Advisors LLC of Chicago to provide product design and asset allocation monitoring for the funds.
