British investment services provider Old Mutual opened a mutual fund subsidiary this week in Denver’s beleaguered financial district, Rocky Mountain News reports.

The new mutual fund shop – formally known as Old Mutual Capital, Inc. – recently launched four funds that vary in degrees of risk and outsource portfolio management responsibilities to nearly a dozen other U.S.-based Old Mutual subsidiaries.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.