Gray left the Miton Group in June this year to join Coram and his former Miton colleague James Sullivan with whom he will be sharing the job of managing the offshore MitonOptimal Special Situations Fund (click here for a factsheet).
The onshore Miton Group fund, Miton Special Situations will continue to be managed by former M&G manager David Jane who has been managing the fund since Gray’s departure from Miton earlier this year.
Gray and Sullivan will take over responsibility for the fund on 1 January 2015.
Scott Campbell, managing director & chief investment officer said: “We are delighted to be working with the Coram team and enable our clients to benefit from their top-down asset allocation expertise and experience. Many of our investors will be familiar with the team’s style and superb long-term track record.
“Following Martin’s resignation from the Miton Group in June and a subsequent strategic review, we felt that the approach of the replacement fund management team closely mirrors our own multi-asset style.
"We have elected to return the offshore Special Situations Fund to an unconstrained portfolio which importantly, will be uncorrelated to our own funds for our investors.”
Gray joined Miton Investments as a fund manager and director in 1994 and has been responsible for the management of the CF Miton Strategic Portfolio since launch in December 1996 and also the CF Miton Special Situations Portfolio, which was launched a year later.
