Miton saw significant outflows from its multi-asset range in H1, before it handed the funds over to David Jane.
In a trading update ahead of its half-year results to 30 June, the firm said it saw a net inflow of £162m into its equity funds. However, this was offset by a net outflow of £183m from its defensively positioned multi-asset funds. The range, including the £667m Special Situations and £162m Strategic Portfolio funds, was previously run by longstanding manager Martin Gray, who exited the firm before the funds were handed to Darwin's Jane in June. Miton said the acquistition of Darwin Investment Management is due to complete on 30 September and the £47m Darwin Multi-Asset fund will then...
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