Partners Capital, a London-based wealth manager, has signed up three new Cambridge college endowments including St John’s in the past few weeks – meaning it now runs money for a league-leading 12 Oxbridge colleges as well as Eton, Insead business school and the Royal Academy of Arts.
Partners Capital, a London-based wealth manager, has signed up three new Cambridge college endowments including St John’s in the past few weeks – meaning it now runs money for a league-leading 12 Oxbridge colleges as well as Eton, Insead business school and the Royal Academy of Arts.
Low-key and publicity shy, Partners was set up eight years ago by high-flying private equity and hedge fund professionals to provide wealth management services to people like themselves.
“Investment managers are among the worst about managing their own assets. You always put yourself at the bottom of the queue. I decided to put myself at the top of the queue,” says Stan Miranda, founder and chief executive.
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The group’s operating plan has been to tap the insights of clients on both sides of the Atlantic to pick the best asset managers in a wide variety of classes and then actively rebalance client allocations based on macro-economic conditions.
“We’ve got an unparalleled group of very sophisticated investors as clients,” says Mr Miranda. Sir Ronald Cohen, of Apax Partners, and Lord Jacob Rothschild are among the group’s strategic shareholders.
“We are synthesisers. Each client gets the benefit of all the insights of all the other clients,” he says.
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