MAM Funds promotes Wright on Midas Balanced Growth

MAM Funds has promoted analyst Mark Wright to deputy manager of the CF Midas Balanced Growth fund, lead managed by Simon Callow.

Callow became lead manager on the fund following the departure of former manager and Midas co-founder Simon Edwards last month.

Wright’s primary focus was initially on the portfolio’s structured product allocation, although his research and analysis has since expanded to cover most asset classes, the group said.

Alan Borrows and Richard Parfect will continue to work together on the CF Midas Balanced Income fund.

Gervais Williams, managing director, said: “Mark has been supporting Midas funds from a research perspective for five years and this is recognition of the contribution he has made, particularly to the CF Midas Balanced Growth fund.”