Miton plans raft of launches as AUM nears £2bn

Miton - formerly known as MAM Funds prior to a re-brand - saw AUM grow 7.2% to £1.79bn in the last year, while also moving into profitability. Having made a loss before tax of £0.4m in 2011, the group has reversed this to make a profit of £0.9m in 2012. The group made a number of acquisitions last year, including hiring SWIP's US manager Nick Ford. Ford is to run a US Opportunities fund for the group, alongside Hugh Grieves, but today Miton announced a further expansion of its fund range. In its update to the market it said: "We aim to build upon the success of our UK equity fun...