Midas begins fund rationalisation

Midas Capital is beginning its fund rationalisation programme, bringing its Miton and iimia ranges together through a series of mergers.

  This will see its £10m CF iimia Accelerated fund merged with the £17m CF iimia Growth fund, under the new name CF Miton Select Assets portfolio. The £36m CF iimia Growth and Income fund is also to be merged with the £216m Miton Special Situations fund and the £21m CF iimia Income fund will close and have its assets transferred to a new Global Income fund, to be managed by Sam Liddle. Nick Greenwood will manage the Select Assets portfolio, assisted by Martin Gray - who will also head up the merged Income and Special Situations vehicles, alongside James Sullivan. Greenwood says:...