In June David Jane, founder of multi-asset boutique manager Darwin Investment Managers, was appointed fund manager to four of Miton’s multi-asset funds, following the acquisition of his firm and the resignation of Miton director Martin Gray.
Miton announced the proposed acquisition of the entire issued share capital of Darwin to the stock exchange on 9 June.
Darwin manages a single multi-asset fund and is majority owned by Mr Jane.
According to Miton bosses, the group’s strategic objectives remain unchanged, but it had become “clear in recent months that the group’s plans for the future differ from those of Martin Gray”.
Consequently, bosses said “after cordial discussions” Mr Gray has decided to leave the Miton Group and cease management of the four funds under his control.
Mr Jane spent 10 years at M&G where he was head of equity investments and managed the flagship M&G Cautious Multi-Asset fund, now known as the M&G Episode Balanced fund. He founded Darwin in 2010.
Mr Jane was employed by Miton with immediate effect, along with the rest of the Darwin investment team.
