The four funds which are and will continue to be managed by Octopus are: IFDS Prism Advance, IFDS Prism Capital Growth, IFDS Prism Cautious Growth and IFDS Prism Distribution.
The top performer of the four is Prism Advanced, which aims to return on average 4.5% higher than NS&I cash Isa rates after charges and with a lower risk level than a global equity fund. Over the 12 months to 17 July the fund has gained 20.10%, outperforming the IMA Flexible Investment sector average return of 18.18%.
Prism Cautious Growth is the lowest returning fund in the suite over 12 months, with a return of 11.44%. This is marginally better its sector average, the IMA Mixed Investment 20%-60% Shares, which gained 11.41% over the same time frame.
Tatton Capital was started by members of the Paradigm Group in 2012 while Prism Capital Management Limited was established in 2009 as a joint venture between Paradigm, Octopus and a group of adviser firms. Paradigm Group itself is a services provider for financial advisers that was founded in 2007 by Paul Hogarth.
Prism’s £270m in assets under management from the four funds will almost double Tatton’s assets, bringing the group’s AUM of £570m.
Tatton CIO, Lothar Mentel, said the acquisition of Prism is part of the group’s on-going drive to offer advisers a wide possible selection of services and solutions.
