Managers at Midas Capital Partners have pledged £20m of their personal cash into the combined managed funds resulting from the forthcoming merger with iimia MitonOptimal(iMO).
The extra investment is being viewed by the Midas team as a strong committment to the upcoming deal. David Thomas, Midas’ business development head, believes the personal pledge will reassure advisers on the stability of the new Midas Capital entity and its future direction. “We think we are creating the leading multi-asset business in the UK and both teams are committed to driving the business forward,” he says. “The board felt it was time to step up a gear and we could not have found a better partner than iimia MitonOptimal with the complementary nature of the fund management businesse...
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