Optimal merges with Miton

Multi-manager Optimal Fund Management, which has offices in Guernsey and South Africa, has merged with UK-based Miton Investments. The merged operation, MitonOptimal, has six fund managers and $300m in assets under management. Tom McGrath, fund manager at Miton, said it was seeking global partnerships to enhance international distribution of its four multi-manager funds and to increase its resources for multi-asset research, including hedge funds, property, commodities, currencies and private equity. While Miton's UK domiciled funds are registered for sale in Singapore and it is seeki...