The proposed business unit will trade as a part of Paradigm’s existing group of companies which includes Partners, Pensions, Mortgages and Amber.
According to the company, the new business comprises Paradigm’s existing fund range Prism Capital Management, which manages three multi-asset funds run by Octopus Investments.
The company is also planning to introduce a number of single and multi-manager funds across a range of sectors, in collaboration with third party fund managers.
Apart from building its relationships with external fund managers, the company is also recruiting an investment team to manage the third party fund groups’ mandates.
Paradigm Partners partner Anthony Morrow said, "’Over the coming months we will be investing heavily in the business, combining market-leading systems and technology with a top-class team of individuals with the drive and determination to make this proposition the obvious and best home for advisers and their clients."
