Ford joined Miton in September last year as the firm’s fund manager for US equities and has worked with Grieves managing a US smaller companies mandate before, when the pair were at Gartmore.
Since leaving Gartmore Grieves has worked at Societe Generale Asset Management and latterly at Herald Investment Management.
During his time at Herald he managed the company’s Worldwide Fund, which achieved a five-star rating from Morningstar and returned 24.6% during his two-year tenure, according to FE Analytics.
Gervais Williams, managing director at Miton, said: “Grieves’ appointment to the Miton team highlights our philosophy of developing a business that attracts the very best industry talent.
“He has extensive knowledge and experience of the sector through managing a number of US equity funds, with a strong track record of delivering outperformance. Grieves and Ford worked together at Gartmore and so, collectively we have a talented team with a tried and tested track record in place.”
The fund is expected to launch in the spring when further details will be announced, Miton concluded.
Earlier today Miton also announced a trading update, with assets under management up 7.2% year-on-year to £1.79bn. It said the recruitment of four new fund managers heralded the launch of three new funds, but could not give further details at this time.
