Tatton Investment Managers has taken over the running of the Verbatim Portfolio Growth Funds, which had previously been managed by John Husselbee and James Klempster at Liontrust.
The five Verbatim funds were acquired by parent company Tatton Asset Management from Fintel in September 2021, along with an income fund and multi-index portfolio range.
All together, they added £650m in assets, taking group AUM beyond the £10bn mark.
Driving down their OCFs
The five growth funds will be marketed alongside Tatton’s existing £295m blended fund range, which offer a hybrid of Tatton’s active and passive portfolios in a fund.
As of 25 February, the five funds collectively held £346m.
In addition to the names of the funds remaining unchanged, Tatton IM CEO and CIO Lothan Mentel said: “We will not change the investment objectives of the funds or their risk mappings, however, we will look to drive down their OCFs since managing the cost of investing is a vital component of creating net growth for investors”.
“The strategic asset allocation adds an alternative weighting to our existing funds which provides a pure growth multi-asset fund range to sit alongside the Tatton Blended funds.”
He added that the mandates “are an integral part of building our fund business and our investment team are perfectly suited to managing them”.
