Miton managers resign

7th April 2016 - George Godber and Georgina Hamilton, managers of the Miton UK Value Opportunities and Miton Undervalued Assets funds, have handed in their resignation at Miton. Their notice periods are one year and six months respectively.

Commenting, Darius McDermott, managing director of Chelsea Financial Services, said: “George and Georgina are a great double act who have worked together for about nine years now, first at Matterley and then at Miton.

“We've tipped them as up and coming managers in the past and it's not surprising that they have been of interest to other companies. Details as to where they are going are yet to be revealed.

“They have long notice periods though – especially George – so while the news is pretty big for investors in the fund, there is no need to rush and sell. Investors can wait and see what Miton plans to do to replace the pair and to see what they will be doing elsewhere. There is also time to research other similar funds to see if they are of interest.

“We have downgraded the fund to a generic 'hold' rating.”