Miton Group - Gervais Williams' fund management company - has announced plans to launch a range of UK equity funds after a positive year for the group which saw assets climb towards £2bn.
Miton - formerly known as MAM Funds prior to a re-brand - saw AUM grow 7.2% to £1.79bn in the last year, while also moving into profitability. Having made a loss before tax of £0.4m in 2011, the group has reversed this to make a profit of £0.9m in 2012. The group made a number of acquisitions last year, including hiring SWIP's US manager Nick Ford. Ford is to run a US Opportunities fund for the group, alongside Hugh Grieves, but today Miton announced a further expansion of its fund range. In its update to the market it said: "We aim to build upon the success of our UK equity fun...
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