There have been a number of mergers and fund remit changes and fund manager Tom McGrath has decided to leave the firm.
Miton Arcturus will be converted to Midas target return under the management of Steve Brann, with Martin Gray replacing McGrath as co-manager alongside Scott Campbell.
Miton global will become Midas global opportunities under the management of Sam Liddle, with Nick Greenwood as co-manager.
Miton strategic, special situations and iimia accelerated will come under the Midas banner over the summer, subject to FSA approval.
The strategic and special situations fund will be run by Martin Gray with James Sullivan as co-manager while the accelerated fund will continue to be run by Nick Greenwood with Liddle as co-manager.
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 be unchanged.
The iimia fund trio of growth, income, and growth and income moves across to iimia’s wealth management arm.
Midas has a total of 2.1bn of multi-asset funds under management.
Edwards says: “I am delighted to be leading the fund management team at Midas Capital, working with Martin Gray, Nick Greenwood and our other 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.”