Coram acquires Minerva Fund Managers in MPS push

Also adding SRI capability

Coram Asset Management is to acquire UK specialist discretionary fund manager Minerva Fund Managers as it plans to expand into providing model portfolio services (MPS).

Coram, part of the MitonOptimal group, said the transaction will also allow the firm to provide SRI solutions. Minerva currently has Balanced Income, Balanced Growth and Monthly Income portfolios in its conventional range, and Conservative, Balanced Income, Balanced Growth and Adventurous in its socially responsible range. The company is based in Banes and was established in 1990. James Sullivan, director at Coram, said: "We believe this deal brings numerous benefits to the MitonOptimal group, none more so than the enhanced level of service we will be able to deliver to our UK clie...