Pacific Investments has launched a multi-asset business with its first range of funds aimed at the retirement market.
The new company, Pacific Asset Management, will be led by Matthew Lamb, who moved from GAM to join the company.
The business will sit alongside the group’s existing global private equity and real estate divisions.
The firm will start offering a fund range with “liquid” multi-asset for those who aim to save for retirement. The firm will then launch institutional funds.
Pacific has already founded Liontrust, Thames River Capital, River & Mercantile, Nevsky Capital and Europa Capital over the last two decades.
Sir John Beckwith, the founder of Pacific Investments, says: “This is something we have been planning and working towards for two years.
“We have built a robust institutional infrastructure to ensure that the new team and funds are fully-fledged and ready-for-market.
“We have enjoyed considerable success in the asset management industry over the last two decades.”
Beckwith says fund management teams will shortly be announced.
Lamb adds: “While the modernisation – some would say industrialisation – of the asset management industry has brought clear benefits, which we will exploit, there is still a role for active managers to blend their skills and insight.
“We will deploy a modern but common-sense investment approach, that in a zero-interest world will apply institutional processes to a retail customer base with a fee structure to match.”