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Miton acquires David Jane's Darwin; Martin Gray exits

Miton acquires David Jane's Darwin; Martin Gray exits

Miton Group has acquired David Jane's investment boutique Darwin Capital.

Jane (pictured) will move to Miton as part of the transaction and assume responsibility for four multi-asset funds, replacing Martin Gray who is leaving the boutique.

Jane established Darwin in 2010 after a 10-year spell at M&G where he was head of equity investments and manager of the flagship M&G Cautious Multi-Asset fund (now known as the M&G Episode Balanced fund).

On completion of the acquisition Jane's £47 million PFS Darwin Multi Asset fund will be integrated into Miton.

He will also assume control of the CF Miton Special Situations, CF Miton StrategicCF Miton Total Return and Miton Global Diversified Income funds.

Miton will fund the Darwin purchase through a combination of cash and ordinary shares.

Miton chairman Ian Dighé told the stockmarket: 'The Miton multi-asset business has a history of delivering attractive long-term returns to clients, along with careful attention to preserving capital, particularly at times of market setbacks. 

'Given David's strong track record of multi-asset investing and his focus on excellent client service over a career spanning 25 years, we are delighted that his team is joining Miton. Bringing someone of David's profile and experience underlines the strength of Miton's ambition in serving the needs of our clients.'

Jane added: 'I am very excited to be joining Miton at this stage of its development. Our distinctive approach to portfolio construction, which focuses on blending shorter term macro opportunities with longer term themes, has been popular with clients and underpins our strong performance track record. 

'The opportunity to build on this, with the resource and skillsets at Miton, should prove to be a powerful combination for clients.'

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Martin Gray
Martin Gray
32/34 in Mixed Assets - Absolute Return GBP (Performance over 3 years) Average Total Return: 5.74%
David Jane
David Jane
35/54 in Mixed Assets - Flexible GBP (Performance over 3 years) Average Total Return: 27.18%
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