Nick Greenwood joins Asset Value Investors to continue managing MIGO Opportunities trust
Nick Greenwood (pictured) will join AVI on 18 December following the appointment of Asset value Investors as investment manager of the MIGO Opportunities trust.
He will remain at Premier Miton Investors until 15 December. Following the transfer, Greenwood will be joined by former MIGO co-manager Charlotte Cuthbertson to run the trust together.
Nick Greenwood resigns from Premier Miton
Cuthbertson joined AVI in July 2023, after leaving PMI in November 2022.
In March, MIGO served a six month protective notice to PMI on its investment management agreement with the company, following Greenwood's resignation.
AVI has also become the investment adviser to the Premier Miton Worldwide Opportunities fund, which is set to be rebranded to WS AVI Worldwide Opportunities fund, and will be co-managed by Greenwood and Cuthbertson, alongside MIGO.
Greenwood has managed MIGO since its launch in April 2004, and the Worldwide Opportunities fund for more than 20 years.
MIGO currently has about £76m in assets under management, while Worldwide Opportunities fund has around £43m.
MIGO Opportunities appoints AVI as former co-manager Cuthbertson takes the reins again
Joe Bauernfreund, CEO and CIO of Asset Value Investors, said: «Over the years, AVI has grown to ensure the business is healthy and built for the long term. We are delighted to have such a high calibre investment team for the latest investment vehicles coming to AVI. With the addition of MIGO and WS AVI Worldwide Opportunities fund, AVI will have £1.4bn in assets under management.
»Nick's extensive experience and outstanding track record together with the strength and depth of the AVI team will be critical in achieving the company's immediate priorities."
Greenwood added:
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