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Midas reveals seven-strong fund range

Midas Capital Partners has unveiled its seven-strong UK fund range following the acquisition of iimiaMitonOptimal in March.

The move sees a number of mergers and fund remit changes, while the iimia fund trio of growth, income and growth and income will be moved across to the wealth management arm.

Fund manager Tom McGrath has also decided to leave the firm following the announcements.

CF Miton arcturus will be converted to Midas target return under the management of Steve Brann, while Miton global will convert to global opportunities with Sam Liddle running the fund and Nick Greenwood his co-manager.

Miton strategic, special situations and iimia accelerated will all fall under the Midas banner.

The Miton cautious income fund, previously run by Liddle, will be merged into the balanced income fund run by Alan Burrows while the balanced growth fund run by managing director Simon Edwards will remain unchanged.

Midas Capital UK managing director Simon Edwards says: ““I’m delighted to be leading the fund management team at Midas Capital, working with Martin Gray, Nick Greenwood and our other fund management colleagues.

Our team, with its shared, multi-asset approach, is a force to be reckoned with. We have enjoyed enormous support from intermediaries, distribution partners, individual clients, pension funds and charities and the reaction to the merger has been very positive.”

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