PAM will become the core focus of Pacific’s asset management businesses and will sit alongside the group’s existing global private equity and real estate divisions.
Pacific has hired Matthew Lamb, formerly of GAM and most recently global head of liquid alternatives at Deutsche Asset Management, to head up PAM.
Further senior hires from the asset management sector will be announced over the coming months.
PAM’s first fund range will provide retail investors with liquid multi-asset vehicles to help them grow their investment savings for retirement.
Further fund launches will address the institutional market.
Pacific’s global interests in asset management, private equity, and real estate are led by John Beckwith, Mark Johnson, and Henry and Piers Beckwith.
“This is something we have been planning and working towards for two years,” said John Beckwith. “We have built a robust institutional infrastructure to ensure that the new team and funds are fully-fledged and ready-for-market.”
Lamb said: “The Pacific Investments group has an outstanding track record and is the perfect home for an ambitious, entrepreneurial team. While the modernisation – some would say industrialisation – of the asset management industry has brought clear benefits which we will exploit, there is still a role for active managers to blend their skills and insight.
“We will deploy a modern but common-sense investment approach, that in a zero-interest world will apply institutional processes to a retail customer base with a fee structure to match,” Lamb said.
John Beckwith added: “We have enjoyed considerable success in the asset management industry over the last two decades. We have known Matt for many years and are very excited about him joining us, together with the fund management teams that are shortly to be announced."
Pacific has founded a number of asset management businesses over the last 20 years; including Liontrust, Thames River Capital, River & Mercantile, Nevsky Capital and Europa Capital, which combined currently manage over $20bn (£16.1bn, €19bn) of assets.