Miton Group has appointed Andrew Jackson as fund manager for the Miton UK Value Opportunities Fund following last month’s resignation of George Godber and Georgina Hamilton.
Jackson was previously fund manager at Ecclesiastical, now EdenTree, where he managed the UK Equity Growth Fund from November 2003 to July 2015, returning 263.7 per cent compared to 151.5 per cent for the FTSE All Share Index.
Godber and Hamilton, who had been with Miton for three years and will move to Polar Capital, are currently serving out their respective notice periods of 12 months and six months.
Industry insiders have speculated whether their departure will lead to an exodus of assets, arguing that investors pick the fund for the managers rather than Miton.
The £589.6m fund has returned 8.5 per cent over one year, versus losses of 3.6 per cent by the IA UK All Companies sector.
Speaking on Jackson’s appointment, Gervais Williams, Miton’s managing director, says he has a record of “impressive returns over an extended period”.
“At Miton we have a history of recruiting fund managers who can excel within our genuinely active investing culture,” Williams says.
Before Ecclesiastical, Jackson was responsible for UK and Irish equity investments at Canada Life, managed the specialist UK Small Cap Funds for Lloyds Investment Managers and worked for SG Asset Management.