Seneca Investment Managers, a Liverpool-based fund management firm, plans to rename The Miton Income & Growth Trust following its acquisition of Miton Capital Partners in March this year.
As part of the deal, Seneca plans to rebrand the name of the trust to Seneca Global Income & Growth.
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Recently, Seneca has already renamed the funds it took over in its acquisition of part of the Miton Group.
Additionally, the trust has also changed the investment management fee to 0.65% per annum of market cap above £50 million, effective 1 July 2014.
The trust will be managed by Alan Borrows and Simon Callow alongside their team, who has relocated to Seneca from Miton.
Richard Ramsay, chairman of Miton, said: "To maximise the benefit of these additional resources and to emphasise the trust’s global remit, it is proposed to change the name to Seneca Global Income & Growth Trust."
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