Miton's David Jane said an underweight to oil, currency hedging and exposure to long-dated debt has helped drive performance on his multi-asset portfolios since the start of the fourth quarter.
The changes he has made to the portfolios have helped the company to navigate the difficult investment environment of the past few months, but Jane (pictured) predicts markets will be harder to beat this year. The £421m Miton Special Situations fund Jane inherited from Martin Gray in June 2014 has moved out of the fourth quartile to outperform peers in the IA Flexible Investment sector. Meanwhile, his £49m Darwin Multi Asset portfolio is in the first quartile of the IA Mixed Investment 20%-60% Shares sector over one year, according to FE, returning 11% versus an 8% average. "We are...
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