Midas start-up aims for Sipp and Ssas success

boutique founders put experience of running £3bn pensions scheme into new group

The Sipp and Ssas market is being targeted by a Liverpool-based investment boutique with a track record of running £3bn of local authority pension schemes. Midas Capital Partners has launched two balanced managed retail unit trusts that invest in equities, bonds, investment trusts, property, structured products and hedge funds. The group has been set up by Simon Edwards, previously chief investment manager of the Merseyside pension fund, Alan Borrows, senior investment manager of the fund, and three other managers who had worked on the portfolio. Edwards had worked on the scheme for...