Investments  

Polar not immune to buy-list crunch

Miton hires Andrew Jackson to replace Godber and Hamilton

Miton has hired former EdenTree manager Andrew Jackson to take over from George Godber and Georgina Hamilton on its UK Value Opportunities fund.

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Mr Jackson ran the £175m EdenTree UK Equity Growth fund for almost 12 years until July 2015.

Miton managing director Gervais Williams (pictured) said: “Andrew has all of the strengths for the role, including a record of impressive returns over an extended period.

“He is very well suited to taking a leadership role on the UK Value Opportunities fund, given the fund already has a history of delivering attractive returns, with stock weightings that are largely independent of the mainstream indices.”

Miton had hired a headhunter to replace the duo, who are serving out their notice periods before joining Polar Capital, as the fund’s assets dropped from £869m at the end of March to £590m a month later.

A Miton spokesman said earlier this month: “Outflows are to be expected in these situations. The liquidity of the portfolio and cash position mean we are able to manage redemptions.”

KEY NUMBERS

12-15: Polar Capital’s new targeted number of teams, up from its previous range of 10-12

£7.3bn: Assets at the boutique at the end of March