Omnis Investments strengthens bond positioning for over £1bn assets
Omnis Investment appoints new managers for its Global Bond and Strategic Bond funds
We're pleased to announce the appointment of new fund managers for two of our bond funds. The changes reflect the our increased commitment to providing a global reach of fixed income assets in its discretionary portfolios.
We have appointed T. Rowe Price to manage the segregated mandate of the Omnis Strategic Bond Fund, and L&G to manage the segregated mandate of the Omnis Global Bond Fund.
The Omnis Strategic Bond Fund, with AUM of £431 million, comprises an investment mix of government bonds, investment grade corporate bonds, and high-yield bonds, hedged back to Sterling. The fund is free to invest tactically in areas of the bond market that offer the most value. T. Rowe Price brings long-established fixed income expertise to the management of the Omnis Strategic Bond Fund. The asset manager was selected for its strong organisational support and well-resourced global credit research platform.
The Omnis Global Bond Fund, with AUM of £593 million, invests across all sub-asset classes of global fixed income exposure in local currencies. The investment strategy is economically led with strong risk controls and active duration positioning. L&G was selected to manage the fund due to its robust top-down approach and risk management process.
We carefully select managers for our funds and we have access to both publicly available strategies, and exclusive mandates. As the Authorised Corporate Director (ACD) of the Omnis funds, all mandates are bespoke to Omnis Investments, ensuring they meet the risk and asset allocation requirements of clients.
During the selection process, we carefully evaluated a diverse range of managers for each fund.
- Andrew Summers, Chief Investment Officer, Omnis Investments, said: “We are committed to increasing global reach in our portfolios, in line with our strategic asset allocation, and our selection process ensures we have the very best investment managers in each asset class. The decision to appoint new managers to these funds was based on a forward-looking assessment, identifying those best positioned to deliver sustained outperformance. Our in-depth selection process relies on our low fund-to-analyst ratio, which prevents the quantitative short-cuts that plague so much of the industry and lead to past performance chasing that could risk long-term underperformance. We have conviction in the active investment approaches of both of these managers and are confident in their ability to achieve fund objectives.”
- T. Rowe Price’s Ken Orchard, Co-Portfolio Manager of the Omnis Strategic Bond Fund, said: “We have worked with Omnis to develop a customised strategy which will give their clients access to a truly global and diversified fixed income portfolio—spanning 15 sectors, over 80 countries, and more than 40 currencies. Backed by the deep expertise of T. Rowe Price’s 240 investment professionals and over 50 years of experience, our flexible, unconstrained bond strategy is designed to adapt to changing market conditions and uncover opportunities across the full spectrum of global fixed income.”
- Ben Cherrington, Head of UK Wholesale, L&G, said: “Our experienced team of fixed income investors have navigated multiple market cycles and are well placed for identifying opportunities across international markets. Through our partnership with Omnis Investments, we aim to support its mission of generating value for investors.”
The funds are available to clients of The Openwork Partnership and 2plan wealth management through discretionary portfolios run by Omnis Investments. The Omnis Managed Portfolio Service (OMPS) provides clients with a suite of actively managed portfolios investing in Omnis’ funds, that are themselves run by third-party investment managers appointed independently by Omnis Investments. The funds are also available for allocation in the Omnis Agility portfolios, which provides clients with a suite of actively managed portfolios designed to help achieve specific financial goals. Omnis Agility combines actively managed Omnis funds with carefully selected Exchange Traded Funds that give clients access to diversified investment opportunities.
- Change to the Investment Manager of the Omnis Strategic Bond Fund - Shareholder letter
- Fund manager transition summary - T. Rowe Price
- Change to the Investment Manager of the Omnis Global Bond Fund - Shareholder letter
- Fund manager transition summary - Legal & General
About T Rowe Price
Founded in 1937, T. Rowe Price helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US 1.62 trillion in assets under management as of 31st May 2025*. About two-thirds of the assets under management are retirement-related. For more information, visit troweprice.com.
Download the T. Rowe Price - Corporate Snapshot
About L&G
L&G's Asset Management business is a major global investor across public and private markets, with £1.118 trillion in AUM**. Our clients include individual savers, pension scheme members and global institutions.
We provide investment solutions from index-tracking and active funds to liquidity and liability-based risk management strategies.
Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. This reflects L&G’s purpose: ‘Investing for the long term. Our futures depend on it.’
Download L&G's Introduction to Asset Management
*Firmwide AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates. Preliminary data. Subject to adjustment.
**L&G internal data as at 31 December 2024. The AUM disclosed aggregates the assets managed by L&G in the UK, US, and Hong Kong (2018-2019 only) and Singapore from July 2023. Excludes assets managed by associates (Pemberton, NTR, BTR).
