Miton Group has reopened its UK Multi-Cap Income fund to new investors after imposing an initial charge last year.
Miton's managing director Gervais Williams (pictured), placed an initial charge on his fund last November when it was £182m in size. Since then, the fund has continued to accumulate assets and now stands at £355m, despite the charge of 3%. However, Miton has now removed this and said the fund has capacity for another £60m of investment from new and existing investors. Once this level has been reached, it will reimpose the initial charge. A spokesperson for Miton said the charge had previously been imposed to control the rate of inflows and enable Williams to preserve performance o...
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