UK - Manager-of-manager Attica Asset Management has rebranded to MM Asset Management to reflect its sole focus on multi-manager products.
Attica comprised two divisions prior to October when Threadneedle Asset Management became the majority shareholder in the company.
Until then, MM was the name used internally for the firm’s multi-manager business and this has now been adopted externally as it “captures the simplicity, efficiency and directness of our investment approach and team culture”.
The MoM has also announced record mandate wins in 2003, with total assets under management – for both invested and committed assets – doubling to over £500m.
Marketing and client service director Nick Slater said the institutional market for the multi-manager had continued to show strong growth.
But he added: “While growing our business is important, our primary focus will remain on achieving our clients’ investment objectives.
“As with all manager changes made by MM, our primary objective is to ensure that our funds are well placed to achieve performance in line with our clients’ expectations. Furthermore, we have welcomed additional members to our team during the year in anticipation of continued growth in our business.”
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