Miton sees profit boost and gears up for triple fund launch in 2013


Miton Group said it expects to beat analysts' expectations for its pre-tax adjusted profit over the last financial year and is gearing up to roll out three new funds in 2013.

In a trading update for its financial year ended 31 December 2012, the group said it expects profits will come in higher than the £3.4m widely expected. Miton intends to launch three new equity funds in 2013 following the recent recruitment of Nick Ford from Fidelity, George Godber and Georgina Hamilton from Matterley, and Hugh Grieves, a former GLG tech specialist who worked most recently at Herald Investment Management. These new products will have distinctive strategies in the UK mid- and large-cap and US multi-cap sectors. In spring the firm will roll out a the CF Miton US Oppo...

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