Iimia MitonOptimal has revealed the new name of its combined multi-manager business, Miton Asset Management.
The new brand follows the merger between iimia Investment Group and MitonOptimal Group on 23 October.
Miton says the funds will be run within one of three approaches:
- Tactical opportunities, asset allocation driven funds managed without benchmark reference
- Benchmark aware, not constrained in asset allocation but managed to exceed sector averages.
- Specialist, each fund has its own investment style and objective
“This merger is a story of strength and growth in the multi-manager marketplace,” iimia MitonOptimal chief executive Mike Phillips says.
“We plan to establish the brand and educate the industry about our offering to gain a larger share of the multi-manager market.”
Martin Gray, iimia MitonOptimal director, says the firm is delighted with the fund management amalgamation.
“We all have a common goal to protect our clients’ assets and make them money,” he says.
“Each fund will continue to be run according to the fund managers’ own individual style but we will be able to draw upon the extra resources created by the bigger team.”
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