Cofunds partners with Square Mile for fund research

Cofunds has partnered with Square Mile Investment Consulting, with the latter providing focused fund research, along with support and investment services.

Adam Smith, commercial director at Cofunds, stated that the partnership will provide the level of due diligence required in today’s complex environment.

“The team behind Square Mile has a strong reputation and in particular a focus on investor outcomes,” he added.

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Square Mile was launched in September last year, and focuses on in-depth, qualitative fund research for financial advisers and institutions.

Earlier this year the firm agreed a partnership with fund research firm FE, providing it with quantitative data in return for a non-controlling minority stake in the nascent business.

The consultancy’s managing director Richard Romer-Lee told FTAdviser that they are looking to broaden the research base into investment trusts and passive funds, whilst also building a sub-advisory and model portfolio capacity.

In little over a year, the firm has grown to 15 people, eight of which are analysts, with further appointments expected in December.