Miton Group, a multi-asset and equity fund management specialist, has purchased David Jane’s investment boutique Darwin Capital, for an undisclosed sum.
In accordance with the terms of the agreement, Jane will move to Miton to take over of the £742 million Miton Special Situations and £181 million Strategic portfolios as well as the Total Return and Global Diversified Income funds.
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Jane will replace Martin Gray who is leaving the boutique after 20 years. Gray joined Miton in 1994, and has managed the Special Situations fund since 1997.
After working for almost 10-year at M&G, where he was head of equity investments and manager of the M&G Cautious Multi-Asset fund, Jane formed Darwin in 2010.
Upon closing of the takeover, Jane’s £47 million PFS Darwin Multi Asset fund will be integrated into Miton.
Miton Group executive chairman Ian Dighé was quoted by fundweb.co.uk as saying, "Bringing someone of David’s profile and experience underlines the strength of Miton’s ambition in serving the needs of our clients."
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By GlobalData"Miton has made a strong start in 2014. The board remains confident of delivering decent earnings growth over the year."
