The news that Nick Greenwood, manager of the £80m MIGO Opportunities Trust (LSE: MIGO), would be leaving its management company, Premier Miton, was unwelcome for shareholders but should not have been a surprise. His co-manager, Charlotte Cuthbertson, left abruptly last November without explanation and now works at Tyndall.
MIGO buys investment trusts at a large discount to their intrinsic value. These trusts invest in