Midas Capital and Hiscox Investment Management are forming a strategic partnership.
Midas has taken over the management contract of the 25m Hiscox International growth fund while Hiscox has acquired a 6.5 per cent shareholding in Midas. Hiscox managing director Alexander Foster has been appointed a non executive director of the board of Midas.
Foster says: “We are pleased to have forged this important relationship with Midas Capital and to have formalised it through our shareholding. Midas have uilt a quality business in a short period of time supported by the excellent track records of their funds.”