View more on these topics

Miton Special Sits co-manager James Sullivan to leave

Fund manager James Sullivan is to leave Miton Group in the new year to take a break from the industry.

Sullivan has spent 12 years with the group, and worked with Martin Gray on the firm’s multi-manager range, including the £856m CF Miton Special Situations fund.

Miton head of sales and marketing Ian Chimes says it is too early to talk about a replacement, with no substitution in place.

Chimes says: “We are obviously disappointed but we wish him well. He just told us it was time to take a break. But it is not a cost cutting angle and there is no plan yet to bring in a replacement.”

Last month investment manager Neil Cumming and research analyst David Hallam left the firm, with managing director Gervais Williams become co-manager of the £360m Psigma Income fund. Miton acquired Psigma Asset Management in July in a deal worth up to £13m.

EA Financial Solutions managing director Minesh Patel says: “This is one of the fragilities of active fund management, fund managers are under massive pressure to produce returns.

“It is a case of waiting to see what happens now with a successor, and what happens to the fund.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com