Ex-Fidelity man launches multi-manager research house
Paul Ilott, the former head of communications for multi-manager at Fidelity International, has launched a multi-manager research house.
Scopic Research will rate and report on multi-manager funds, execute due diligence on them and monitor their investments, team and process.
Subscriptions to ratings and reports will be available online later this year. Scopic will also perform consultancy work on request.
Ilott says advisers are turning increasingly to investment outsourcing, including multi-manager, as a result of the retail distribution review and Treating Customers Fairly.
The increasing sophistication of multi-manager funds has increased demand for a research service, he says, although ratings services are already available through such providers as Morningstar, OBSR and S&P. (article continues below)
Ilott worked as an IFA for 10 years, becoming head of communications at Bates Investment Services in 2001 and later at Fidelity’s multi-manager business in 2007. He left Fidelity in March 2009.
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