About us

MAM Funds plc (MAMF) is the parent company of a fund management group trading under Midas Capital Partners and Miton Asset Management, with a stable of fund brands – Miton, Midas and Acuim. MAMF has offices in Reading, Liverpool and London.

A brief history

MAMF was founded in 2001 by two Exeter based legal firms and a team of financial service industry professionals. Originally conceived as a private client investment manager, trading as iimia plc, it soon expanded both geographically and in the range and scale of activities offered.

In 2004 iimia plc merged with Exeter Investment Group plc, under a new parent company called iimia Investment Group plc and was admitted to the Aletrnative Investment Market. September 2005 saw the acquisition of Intelli Corporate Finance Ltd although this was subsequently sold in September 2009. In July 2006 the group sold its funds administration business, Sinclair Henderson to Capita Group plc.

In 2007 it completed the merger with the Reading and Cape Town based fund manager, MitonOptimal Group Ltd and the parent name changed to iimia MitonOptimal plc. In 2008 it completed the merger with Midas Capital Partners Ltd, a Liverpool based fund management company, and the group name changed to Midas Capital plc.

In January 2010 the group sold its iimia Wealth Management division in order to concentrate on its fund management brands and activities. In May 2010 the South African and Guernsey based fund management businesses were sold to their respective managements. The disposals allowed the Group to concentrate on its’ core strength; the UK fund management industry. In July 2010 the parent company changed its name to MAM Funds plc.

In early 2011 a new management team joined the Group and raised £20m of new equity capital to enhance the existing strategy to build a leading investment management business.

Shares in MAM funds plc (TIDM Code: MMF) are traded on the Alternative Investment Market.MAM is a trading name of Midas Capital Partners Limited and Miton Asset Management Limited both of which are wholly owned subsidiaries of MAM funds Plc (MAMF). MAMF was founded in 2001 originally conceived as a private client investment manager trading as iimia plc. Following a merger with Exeter Investment Group plc in 2004 a new parent company, iimia Investment Group Plc was admitted to AIM. In October 2007 iimia plc merged with fund management group MitonOptimal, a subsequent merger was made with Midas Capital Partners, another fund management company in March 2008 and the company changed it’s name to Midas Capital Plc. The focus of the group is solely fund management, operating under the brand name MAM funds. 

MAM represents the combined talents and experience of Midas Capital Partners and Miton Asset Management creating a new and inspired approach to fund management. A number of synergies between the two companies existed resulting in their successful merger, not least of which being their asset allocation driven approach to investing. 

Having fully integrated, both teams bring a wide and varied expertise in fund management to the combined group. It’s the experience and diversity of styles that makes us unique but we never lose sight that our key objective is to deliver returns for our investors. 

Our philosophy

MAM are fundamentally asset allocators, driven by a top down approach to investing. The advantage of starting from a macro perspective, we believe, is that shifts in government policy, interest rates etc will in turn affect financial instruments such as equities, bonds or currencies.  By anticipating changes in the global economic outlook and identifying the key drivers of markets we believe that over the longer term we can enhance the returns for investors throughout a variety of market and economic conditions.  Very often we notice themes or trends emerging and aim to get ahead of these trends.

Although our investment philosophy is driven by asset allocation we are mindful of both technical and fundamental analysis when constructing our portfolios. MAM’s investment team start their analysis from a top down perspective but employ diverse styles when it comes to portfolio construction, dependent upon the underlying fund objective.