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Octopus passes GBP2 billion barrier on last working day of 2010

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Octopus Investments has broken through the GBP2 billion mark in funds under management (FUM) just 14 months after announcing its first billion. 

The Octopus team reached this milestone at the end of the company’s tenth year in business.
 
“We have proved that being a different kind of fund management company is appreciated by customers and generates success," says Simon Rogerson, CEO. "We have always listened to our customers to deliver investment solutions that really meet their needs and we focus on making the entire investment process simple and straightforward.  We have built a brand that customers recognise and associate with product innovation, excellent customer service and great people. We are grateful to all our partners and, above all, our advisers for their continued support. ”
 
Founded in 2000, Octopus has been one of the fastest growing financial services companies in the UK over the last decade, nearly doubling its FUM every year.  After achieving market leading positions in its tax efficient products range (Venture Capital Trusts, Enterprise Investment Schemes and Inheritance Tax Solutions), the company has grown its multi-manager business to over GBP1 billion in FUM in less than 3 years.
 
As an indication of the growing reputation of the Octopus multi-manager team, the company recently announced a partnership with the Charities Aid Foundation (‘CAF’) to provide investment solution services to CAF’s clients.  Funds from these clients are expected to transfer to Octopus in the spring. 
 
“We work hard to understand advisers’ concerns and, particularly in the run up to the end of 2012, we are striving to help their businesses remain successful," says Guy Myles, Managing Director of Octopus. "We have built a good base but the coming 24 months are critical for us as we work towards our ambition of becoming a major player in the fund management industry.”
 

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