Bringing you live news and features since 2006 

David Norman and Gary Mairs launch asset manager


David Norman and Gary Mairs have launched asset management business TCF Fund Managers.


The new venture offers a low cost, multi-asset portfolio management service investing in passive vehicles aimed at advisers and other institutions.

The portfolio service either takes an adviser’s own asset allocation model or works with them to build a bespoke model from which it implements a portfolio investing in exchange-traded funds, passive mutual funds and futures.

“As the ETF and passive market expands it is important to be able to keep on top of developments and to monitor closely both the cost and complexity of the underlying structures,” says Mairs. “With our innovative approach, advisers can offer a low cost yet secure proposition for customers incorporating some of the world’s best passive brands as building blocks. Our approach means that customers will continuously benefit from competitive pressures in the passive market.”

TCF Fund Managers says its pricing is very flexible and includes options such as fixed mandate pricing and a mechanism that allows cost savings from its bulk buying to be shared with the adviser/trustee and customer.

For the distributor influenced fund market TCF Fund Managers has secured advantageous terms with a number of administration, platform and modelling suppliers and is thus able to offer a one stop shop to advisers planning their own fund ranges.

Norman (pictured) adds: “The Retail Distribution Review is prompting a structural shift in value away from old fashioned providers and towards the adviser/customer. There is growing adviser demand for high quality, low cost, multi-asset fund management – either as a portfolio overlay or within an adviser’s own fund range – we are responding to that demand.”

Mairs was managing director for Friends Ivory & Sime (now F&C Investment) before joining Insight Investment as deputy chief executive. He founded Folio Partners, a boutique advisory business specialising in private equity activity in fund management in 2005.

Norman was managing director of retail business for Insight Investment and director of marketing and products for Morley (now Aviva Investors) before becoming chief executive of Credit Suisse Asset Management (UK). He left Credit Suisse in January 2009.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by