Miton said it expects profits for the full year to be better than expected.
In a trading update released this morning (24 November) he company reported assets under management of £3.6bn as of 31 October 2017.
That compares with average assets under management for the first 10 months of the calendar year of £3.3bn.
Profits for the half-year to 30 June were £2.9m and at that time, the company said it expected profits for the full year to be “in line with” expectations.
The trading update released this morning comes as James Neilson Pettigrew joined the company as non-executive chairman earlier this month.
During 2017, Miton launched the Global Infrastructure Income fund, run by Jim Wright, which has assets of £19.2m.
The three multi-asset funds run by the company have assets of £780m at the time of writing.
The Miton UK Value Opportunities fund, now run by Andrew Jackson, following the resignation of George Godber and Georgina Hamilton in 2016, had assets of £360m at the end of October.
david.thorpe@ft.com
