Brunel names Tutman as new ACS manager

16 November 2023

Brunel is pleased to announce the appointment of Thesis Unit Trust Management (Tutman) to operate Brunel’s Authorised Contractual Scheme (ACS).

Our choice of Tutman for its UK tax transparent collective investment scheme will see the scheme renamed TM Brunel Pension Partnership ACS. The scheme had more than £12 billion AUM (as at 30 June 2023).

“We have been following the government’s initiatives regarding pooling over the last few years, and Brunel’s success in building a strong, investor-focused fund management group, in particular,” said David Tyerman, Chief Executive Officer at Tutman. “We are very pleased to have been chosen to partner a firm with such clear values.”

The operating model provides for scalable growth with a highly regarded professional alternative investment fund manager (AIFM). As ACS operator, Tutman performs oversight and governance services for ACS investments, ensuring the delivery of regulatory functions, while delegating investment management back to Brunel.

“The big advantages for our investors are the flexibility of the model with no capital investment and the associated independent regulatory oversight,” said Joe Webster, Chief Operating Officer at Brunel. “Tutman has a deservedly strong reputation in this area and we are delighted to be forging this new partnership.”

Source: Brunel Pension Partnership