Investment firm Talisman Global Asset Management announced on 8 February that it is expanding its investor base to include external clients, besides managing operations of its core investor, the William Pears Group.
The London-based investment firm was first established in 1998 as the asset management arm of the Pears family – one of the UK's wealthiest families with an estimated fortune of £1.5 billion. But it will now offer its investment services to external clients including family offices, endowments and foundations.
A spokeswoman said Talisman isn't a family office and it's not really their ambition to become a multi-family office. Privately-owned Talisman has so far managed assets only for the Pears family. She added: "The idea to diversify has always been in the pipeline, and has been backed by both the family and the management – it is the best way to grow the business."
Talisman aims to generate superior absolute returns with low correlations to equity and fixed income markets while preserving capital.
Talisman is part of the William Pears Group, the property and investment company owned by the Pears family. The group was formed in 1952 by Bernard Pears and his son Clive. Still 100% family owned, Pears is run by brothers Mark, Trevor and David.
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