Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.
Copia Capital Management - a discretionary fund management business wholly-owned by Novia - will offer advisers using the platform an exclusive range of passive-powered portfolios which are managed using a quantitative investment strategy. The group has hired quant specialist Dr Evrin Erdem (pictured) - who has previously worked at Fidelity and discretionary investment group Nutmeg - to run the range, which will consist of up to ten risk-rated portfolios. They will be populated with a selection of passive OEICs and ETFs to keep costs down for users, with the portfolios sitting alongsi...
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