Specialist investment management group Miton has launched a new offshore discretionary fund management service into the international advisory marketplace.
Launched to meet what Miton told International Investment was “a hole in the marketplace that needs to be filled” following extensive discussions with advisers.
The MitonOptimal Portfolio Management (CI) Ltd has been approved and selected to be included in the local Investment Manager programme which forms part of the wider investment reserves of the States of Guernsey Policy and Resources Committee, the company said.
Joint managing director and portfolio manager Simon Sharrott, pictured left, said that the firm was “delighted” after successfully completing what he called a “disciplined and rigorous due diligence process”, conducted by the States external investment advisor.
“Guernsey is a key jurisdiction for the MitonOptimal Group, where we are continuing to grow,” he said. “As a group, we now manage in excess of $1.2bn for clients globally. We are committed to the Guernsey market and see this recent accolade as a key milestone in the next growth phase of our local business.
MitonOptimal Portfolio Management is part of the MitonOptimal group of companies, majority owned by its management and directors with offices in Guernsey, South Africa, United Kingdom, Isle of Man, Singapore and Jersey.
The company offers a “broad range” of global DFM, portfolio management, managed model portfolios, institutional asset consulting and regulated funds services to clients, via what it calls “well- established and regulated distribution channels” across Europe, Africa, Asia, the Caribbean, The Middle East and South America.