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Midas to merge with iimia MitonOptimal

Midas is set to merge with fund management company iimia MitonOptimal.

The merged company, called Midas Capital, will manage £3bn worth of client money and will be quoted on the AIM market.

Simon Edwards, managing director of the new business, says: “Our merger with iMO will create the leading multi asset focussed fund management company in the UK. Joining forces will strengthen our investment team, our infrastructure and our ability to look after clients. We are very excited at this prospect, which we believe to be in the best interests of our investors and our clients.”

Many Midas and iMO employees will become major shareholders of Midas Capital, investing at least an additional £20m of personal monies into funds managed by the group.


Financial services volatility good for TD Waterhouse clients

The voltility in the financial services sector will be great for stock buying, says TD Waterhouse. Chief executive Angus Rigby says the recent woes seen by Bradford & Bingley will be positive news for TD Waterhouse’s customers. He says: “Bradford & Bingley kicked off the reporting season for the banking sector with a mighty bang […]

Change the climate

We are seeing a very strange argument developing between pension providers and Pada, the new personal accounts delivery authority.

Purnell dragging out pension fight to Lords

Three Court of Appeal judges have upheld a ruling that the Government was guilty of misleading 125,000 people about the safety of their pensions.The court has confirmed the original judicial review victory for the 125,000 people who lost their occupational pensions when their company schemes were wound up.The judges dismissed the Work and Pensions Secretary’s […]

Neptune denies plan to close Russia fund

Neptune has denied it is set to close its 200m Russia and greater Russia fund to new business. The fund, which is managed by founder Robin Geffen, has been a revelation since launch, topping the IMA specialist sector over three years, returning 250 per cent.

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]


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