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Death of Tim Miller

Portfolio Fund Management founder and managing director Tim Miller has died following a motor-racing accident.

Miller died on September 5, aged 59, three days after the accident at Oulton Park in Cheshire.

An illustrious career at several of the UK&#39s top fund management firms made Miller one of the most respected and well-known figures in the investment industry.

He first moved into financial services in the late 1970s as managing director of Framlington, where he helped turn the small investment house into a serious industry player.

A decade later, he became marketing director at M&G but found the ties of a bigger company too restrictive.

In response, Miller teamed up with Richard Timberlake to start Portfolio Fund Managers in 1993. Since its launch, the business has grown to almost £500m of assets under management.

Autif director of communications Anne McMeehan, who worked with Miller at Framlington in the early 1980s, describes Miller as her mentor. She says: “There is nobody who can compare with the presence Tim had in the industry when he was at Framlington. He was an extraordinary man.”

Paul Talbot is to take over the role of managing director at Portfolio Fund Management.

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