Since the deal, Miton has had a broader UK equities team in place, comprising seven fund managers running six UK equity portfolios. As a result, investment manager, Neil Cumming and analyst, David Hallam, will step down from the PSigma Income Fund and leave the group.
Miton said that given the importance of the PSigma Income Fund as a core offering within its range, Williams would join the fund’s management team alongside Bill Mott and Eric Moore, with the move taking immediate effect.
Mott will continue in his strategic role looking at top-down themes while Williams and Moore will ensure that the vehicle’s stock selection reflects these key macro trends.
They trio will work closely with the broader UK equity team and use its ideas to focus in on crucial stocks for the PSigma Income Fund.
Commenting on the move, Ian Chimes, head of sales and marketing at Miton, said: “Gervais is an extremely experienced UK equity manager. This move will strengthen the team considerably and bring some fresh ideas to the management of the fund.”
Mott (pictured), lead manager of the PSigma Income Fund, added: “Gervais and I have known each other for over 20 years and are enjoying working together and sharing ideas at Miton.
“Both Eric and I are looking forward to incorporating the fresh perspective that Gervais will bring to the fund. I would also like to acknowledge and thank Neil Cumming and David Hallam for their contribution.”
