Tatton Capital, an independent asset management business set up and owned by advisory network Paradigm, has bought out the stakes it did not already hold in fund management venture Prism from a co-founding group of advisory firms and Octopus Investments.
Following the acquisition, Prism will be wholly owned by Tatton Capital, with co-founder Octopus continuing to be the investment manager of the existing four funds.
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.
Tatton Capital was launched in October 2012. Under the leadership of Lothar Mentel, the aim is to provide relevant investment management services delivered on wrap platforms for IFAs and their clients.
Tatton’s core proposition is a discretionary fund management service for clients with existing advisory model portfolios. Currently it has assets under management of £300m.