June 21, 2021
Sir John Beckwith appears to have a knack for building fast-growing asset management businesses. The Pacific Investment Group, the private family office he established in 1993, has helped develop Liontrust, Thames River and River & Mercantile. Pacific Asset Management (PAM) is the latest addition to this impressive list.
The group takes a slightly different approach to asset managers that have gone before it, with two strands to its business. The multi-asset side offers risk-managed multi-asset funds for advisers. The group also has its ‘craft businesses’ – single manager strategies that can’t be industrialised by passive funds. These are focused on segments of the market where passive is unlikely to add value. At the moment, this holds an emerging market value and G10 macro funds, but there are plans to add new strategies later in the year.
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