OMGI re-brands as Merian Global Investors
Old Mutual Global Investors is now officially Merian Global Investors. The renamed company also announced it will be the sole principal partner the Shakespeare’s Globe summer season next year.
The re-branding follows the acquisition of the business by the OMGI management team and funds managed by TA Associates, as reported by International Investment.
The new name is inspired by the life of the scientist, artist and adventurer Maria Sibylla Merian. As a polymath, the company said she embodied the multi-faceted approach Merian Global Investors takes to investment, giving its specialist investment teams the freedom and support they need to succeed.
While some fund managers invest in a definitively scientific manner, others believe investment is first and foremost an art. Merian Global Investors calls it ‘the art and science of investing’, the company said in a statement.
“Our rebrand to Merian Global Investors represents the culmination of a year-long journey to build an independent and unique asset management business. I’m immensely proud that we’re named after such an extraordinary woman, whose ground-breaking approach to work and life we aim to reflect across the organisation,” Richard Buxton (pictured), chief executive of Merian Global Investors said in the rebranding ceremony that took place last night at the Shakespeare’s Globe, London.
“We maintain our philosophy that the most effective investment businesses are large enough to inspire confidence – with big-firm governance and risk management – yet small enough to foster entrepreneurial spirit,” he added.
All permanent employees are directly or indirectly invested in the firm, in a move the business believes enhances alignment of client and investor interests.
The business had assets under management of £34.6bn, as at 31 August 2018. It provides expertise in equities, fixed income and a range of alternative strategies with no house view or CIO, so that its fund managers have the freedom to follow their own strategies.