Premier Miton has hired Matthew Tillett (pictured) to head its UK Value Opportunities fund, succeeding Andy Jackson, who will retire at the end of 2022 after six years at Premier Miton and a 35-year career in the industry.
Premier Miton CIO Neil Birrell said: “The Premier Miton UK Value Opportunities Fund has produced impressive returns with Andy at its helm. We thank him for everything that he has done for Premier Miton Investors and for the time and commitment he has given to deliver strong long-term investment performance for our clients.
“At the same time, we look forward to working with Matthew over the transition period and as fund manager from October.”
Tillett joins from Allianz Global Investors, where he was the lead portfolio manager on its UK Listed Opportunities strategy.
Speaking about the move, Tillett said: “I believe my investment approach, which combines value investing principles with a contrarian mindset and an all-cap investment universe, is particularly well suited to the Premier Miton investment culture. I am very much looking forward to joining the company’s impressive and successful UK equities team.
“Even amid current macroeconomic and inflationary challenges, the UK is, and I believe will continue to be, an exceptional market in which active value investing can deliver superior returns to investors.”
UK Value Opportunities has returned 51.8% since 1 July 2016 when Jackson took to the helm, while the IA UK All Companies returned 36.3% and the FTSE All-Share delivered 41.1%.