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Miton poised to beat profit forecasts

Miton, the asset manager formerly known as MAM Funds, yesterday said its 2012 profits would be ahead of market forecasts of £3.4m before tax.

Executive chairman Ian Dighé said: "Miton has had a very active and profitable year.

"We have stepped up the investment in and the trajectory of the business and expect to continue this strategy in 2013."

Assets under management rose 7.1 per cent last year to £1.79bn.