Press/Media24 Jan 2015 09:09
Fund management group Miton (LON:MGR) has had a couple of months being wildly out of fashion but it was back in with the in-crowd today.
An end-of-year trading update revealed a major turnaround in the performance of Miton’s multi-asset funds, while the Miton Income Fund delivered a much improved performance within the Miton stable.
Shares are up 22% today but remain down 20% over the last three months.
Miton Group is also doing well after it said it expects to pay a "good and growing dividend" for its last financial year, as it reported a rise in cash balances and said that adjusted pretax profit, which excludes amortisation, exceptional items and certain matters of taxation, is in line with expectations.
George Godber and Georgina Hamilton – Miton UK Value Opportunities
As former colleagues of Henry Dixon, this pair share the illustrious track record of Matterley Undervalued Assets.
George Godber and Georgina Hamilton (pictured) are now at Miton, where they have run the similar UK Value Opportunities fund since March 2013.
Although they are talented in their own right, said Laith Khalaf of Hargreaves Lansdown, they should also learn from their colleagues such as Gervais Williams, an established star fund manager. “Miton may be small but it is steeped in pedigree,” Mr Khalaf said.
• One-year return 11pc; sector average 3pc
Gervais Williams, managing director at Miton Group plc, was Investor of the Year at Grant Thornton’s Quoted Company Awards in 2009 and 2010, and in 2014 he was What Investment Fund Manager of the Year.