Bringing you live news and features since 2006 

MitonOptimal to acquire Coram Asset Management in the UK


MitonOptimal International, the Guernsey-headquartered discretionary fund management company, is to acquire Coram Asset Management Limited. 

The acquisition of the UK fund management company that was co-founded by the late Martin Gray is subject to FCA regulatory approval and will reunite the Coram team with former colleagues at MitonOptimal, in a relationship that dates back more than a decade. Coram has been the manager of MitonOptimal’s Offshore since December 2014 and prior to Coram’s formation, James Sullivan co-managed the fund, alongside Martin Gray, at Miton plc.

‘Martin Gray’s influence at Coram Asset Management as a co-founder, fund manager and shareholder was significant and his passing marked an inflection point in our business model which led us to explore a number of options available to us,’ says James Sullivan, Coram co-founder and fund manager. ‘We believe that this deal meets the long-term interests of the investors within the funds managed by Coram and we are delighted to be working with the MitonOptimal team again, cementing a relationship that goes back over 10 years. The company has close to half a billion pounds in assets under management and the balance sheet strength that allows Coram to implement its strategy at a pace that exceeds original expectations.

The resource and experience that Scott Campbell and his team bring to Coram will be invaluable in enhancing the service we are able to deliver to our clients.’

Scott Campbell, managing director and chief investment officer at MitonOptimal says the acquisition will benefit both companies and their clients.

’Continuing with the successful long-term investment process for our client’s assets was paramount and James Sullivan and Mel Kennard have proven to be very competent fund managers and business operators respectively,’ he says.

‘We are excited at the prospect of their joining the MitonOptimal team as we continue to develop our discretionary fund management (DFM), advisory services and funds business on a global basis.’ MitonOptimal is an established specialist global multi-asset management company, with a presence in Guernsey, South Africa, Singapore and the Isle of Man. Founded in 2002, the business offers a range of multi-asset funds, alongside discretionary fund management (DFM) and advisory services to a broad range of intermediaries and institutional investors around the world.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by