16th June 2014
Miton Special Situations Portfolio loses Elite Rating as Martin Gray resigns
Martin Gray, manager of the Miton Special Situations Portfolio, has resigned from the company after 20 years. As a result, the fund has lost it's Elite Rating.
In a statement released on Monday 10th June 2014, Miton Group announced that Martin Gray would be leaving the company and that David Jane, whose business, Darwin Investment Managers Limited, will be acquired by Miton, will take on the management of Special Situations Portfolio with immediate effect. Jane will also manage Miton Strategic Portfolio, Total Return and Global Diversified Income funds.
Gray joined Miton in 1994 and ran the Special Situations Portfolio since 1997. In the statement, Miton said that it had become clear in recent months that the group's plans for the future differed from those of Gray and he had decided to leave.
The acquisition of Darwin Investment Managers Limited is scheduled to complete on 30th September this year. David Jane, who has 25 years' experience managing multi-asset funds, has said that he will apply his macro and thematic approach to the management of the Miton funds and focus on capital preservation.
Elite Rated funds which are in the same IA sector (Flexible Investments) are:
Please note that The IA Flexible Investments sector is home to funds with very different investment strategies, so particular attention should be paid to the strategy and aims of the fund.
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