McGrath, who has run the fund since January 2015, said: “I am delighted to be managing the fund alongside Andy.
“I have always preferred running money with another manager and often it can help if we hold contrarian views, balancing the Ying and the Yang between people can result in a much smoother return to investors; something I managed to achieve with (the late) Martin Gray running the Miton Special Situations fund from 2001 – 2008”.
McGrath’s previous co-manager Jeremy Nunn, a partner at 8AM, remains part of its global team and heads the investment committee, which now includes McGrath, Merricks, Alastair George, and Richard Philbin.
