Omnis Appoints Western Asset Management to Manage £604 Million Bond Fund

Omnis Investments Limited (Omnis), the investment arm of The Openwork Partnership, which has more than £10 billion of assets under management, has appointed leading bond manager Western Asset Management to manage its Omnis Global Bond Fund.

The appointment to run the £604* million fund from November 3 2021 follows a detailed selection process and is part of Omnis’ ongoing monitoring and governance of its range of funds. Omnis’ role as the Authorised Corporate Director enables it to appoint new managers on its funds when it believes it is in the best interest of investors, and can do so without advisers or their clients needing to take any action.

Western Asset Management, a specialist investment manager of Franklin Templeton, has a long history of actively managing global bond portfolios for clients across the globe. Their investment philosophy focuses on long-term fundamental value investing, using a broad range of diversified strategies. This approach has been tested across various economic and credit cycles and has delivered strong risk-adjusted returns.

The Omnis Global Bond Fund will be supported by a deep bench of investment professionals, including Gordon Brown, Co-Head of Global Portfolios and Richard Booth, Portfolio Manager. The team is fully integrated within and supported by Western Asset Management’s broader investment team, which comprises 132 investment professionals across seven investment offices and five continents. This gives them a unique perspective in managing global aggregate portfolios—with strength and depth across all major fixed-income investment markets—and avoids any bias towards one market or another.

Robert Jeffree, Chief Investment Officer of Omnis, said: “Western Asset Management are fixed-income specialists with a very strong track record and a long history of investing in global fixed-income markets. ”

“We are excited to be working with a new investment manager and are confident Western Asset Management will deliver value for advisers and their clients invested in the Omnis Global Bond Fund.”

Gordon Brown, Co-Head of Global Portfolios, Western Asset Management said: “We are delighted to partner with Omnis to manage the Global Bond Fund. Managing funds customised to our clients’ specific requirements such as the Omnis Global Bond Fund is one of our greatest strengths. Using our collaborative approach, we believe we offer a significant competitive advantage, building deep and long-lasting relationships and striving to exceed each client’s needs, expectations and objectives. We look forward to our partnership with Omnis and their investors over the coming years.”

Omnis Investments Limited is wholly owned by Openwork Holdings Limited. The Openwork Partnership has more than 4,300 financial advisers across the UK and operates as a directly authorised, multi-panel distribution network.

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About The Openwork Partnership

The Openwork Partnership is one of the UK’s largest financial services networks with the group having over 4,300 financial advisers operating across the UK. It operates as a directly authorised, multi-panel distribution network.

• The Openwork Partnership operates panels for pensions, annuities, and protection (life assurance, critical illness, General Insurance). Omnis Investments, the investment arm of the group, offers a range of investment funds, managed by some of the best fund managers in the market.
• In the mortgage sector The Openwork Partnership operates a panel of over 50 lenders for mortgages and is among the top three networks for almost all the major mortgage providers.
• The Openwork Group is majority-owned by the Openwork Partnership LLP with its employees holding a minority stake.

Further information on The Openwork Partnership can be found at www.theopenworkpartnership.com  

About Western Asset Management

Western Asset is one of the world’s leading fixed-income investment managers with US$483.5B in AUM as of Sept. 30, 2021. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the Firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Founded in 1971, Western Asset has been recognized for an approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com.

Western Asset is an independent specialist investment manager of Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of September 30, 2021. For more information, please visit www.franklintempleton.co.uk and follow us on LinkedIn, Twitter and Facebook.