Manny
Bdaily Business News

Former private banker to Royals opens Manchester investors

A former private banker, whose clients included members of the Royal Family, has returned to the UK to set up a Manchester wealth management business.

Manuel Cabrejas thinks he has spotted a gap in the market for a wealth management specialist that deals in the “science” of capital markets.

Returning from Dubai after years spent working in the Middle East and Europe, Manuel has established Mamucium Capital Management - a firm he says will be governed by an alternative investment philosophy.

He said: “The US retail investor is streets ahead of their UK counterparts with their uptake and adoption of index-based investment strategies. They have discovered a smarter way to invest compared to the traditional active manager model, who charge high fees for the chance of beating the market even though studies show that over the long term they consistently fail to do so.

“The last six years has seen $650 billion flow into index funds and $350 billion flow out of Active funds. That’s a $1 trillion swing in investor sentiment towards Indexing.”

Mamucium will operate as an official representative of Manchester-based Cottons Financial Planning Group, and FCA regulated firm.

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