Tatton Capital acquires Prism Capital Management
Taton Capital, the independent asset management business founded by Paradigm Group has acquired Prism Capital Management.
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 UK Investment Management Association benchmarks.
Octopus will continue to be the investment manager for the existing four funds following the acquisition.
Tatton Capital’s business model is focused on providing investment management services via so-called ‘wrap platforms’ for UK independent financial advisers and their clients. Its core focus is on a discretionary fund management overlay service for clients with existing advisory model portfolios. Assets under management currently total some £300m.