Miton has said its multi-asset portfolios will continue to be positioned at the defensive end of the investment spectrum following the exit of manager Martin Gray.
The group announced this morning that it is to buy Darwin Investment Managers, with Darwin founder David Jane (pictured) and team taking over Gray's multi-asset portfolios with immediate effect. Those funds include the £742m Miton Special Situations portfolio, the £181m Miton Strategic portfolio, the £14m Miton Total Return fund and the £5m Miton Global Diversified Income fund. Miton managing director Ian Chimes said Jane, like Gray, focuses on protecting investor capital rather than chasing returns in a rising market. "The most important thing is that this part of our business wil...
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