MitonOptimal to acquire Coram

Added 21st June 2016

MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.

MitonOptimal to acquire Coram

James Sullivan

According to the firm, the deal will reunite the Coram team with former colleagues at the Guernsey-based firm, a relationship that goes back more than a decade.

“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,” Sullivan said.

According to Sullivan the deal will meet the long-term interests of investors within the Coram funds which have grown ahead of expectations and allow it to tap into the resource and experience of Scott Campbell and the rest of the MitonOptimal team.

“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,” Sullivan added.

Coram has managed MitonOptimal’s Offshore Special Situations Fund since December 2014 and prior to Coram’s formation, Sullivan and Gray co-managed the fund at Miton plc.

As a result said, Campbell, managing director and chief investment officer at MitonOptimal: “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 respectivel,” he said. 

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