Premier Miton replaces manager on newly-acquired GVQ funds
Premier Miton's Matthew Tillett (pictured).
Subsidiary Premier Fund Managers will replace GVQ Investment Management as manager of the £5.7m GVQ Opportunities and £80m GVQ UK Focus funds, which will be renamed Premier Miton Opportunities and Premier Miton UK Focus, respectively.
Premier Miton takes 60% profit hit as net outflows climb to £1.1bn
The Dublin-domiciled funds mark the «foundation» of Premier Miton's offshore development plans, offering the firm access to distribution beyond the UK.
Manager Tillett also oversees the £360m Premier Miton UK Value Opportunities fund.
Subject to regulatory approval, the deal is expected to complete by the end of February 2024.
Premier Miton's Rob James retires after 34 years
Mike O'Shea, CEO of Premier Miton, said: «On the back of increasing demand from our clients to offer access to our UK equity funds and expertise through an offshore fund structure, this latest appointment provides the opportunity to develop our offshore range, deliver for our clients and pursue our longer-term international growth aspirations.
»Matthew Tillett has an excellent long-term performance track record of managing UK equity funds. Furthermore, his investment principles closely align with the investment philosophy utilised in the management of the funds under the current GVQ investment team. This continuity should provide reassurance to investors in the funds, further supported by Premier Miton's robust operational framework and strong marketing and distribution capabilities."
Investment Week launches Geographical Equities Conference 2024
Gravis taps abrdn for private credit chief
Read more on investmentweek.co.uk
