Punter Southall acquires PSigma Asset Management
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Ian Chimes
Punter Southall Group has taken 100 per cent ownership of joint venture PSigma Asset Management.
The fund management boutique was formed with founder partners taking a 50 per cent stake and Punter Southall Group owning 50%.
The move sees Bill Mott and Ian Chimes take significant stakes in Punter Southall.
According to PSigma, there will be no changes to the key investment teams and managers while the funds and institutional mandates are to be managed the same way.
Punter Southall chief executive Jonathan Punter says: “Our business keeps growing and this agreement is part of the strategy to provide a unique range of financial services.
“Over the last five years, we’ve enjoyed a creative and fruitful relationship with Bill and Ian and look forward to working together for continued future success.”
Mott says: “It will be ‘business as usual’ for us with no changes to roles and responsibilities within the UK team.
“There will be no change to the way the UK funds and institutional mandates are managed. All staff at PSigma Asset Management have equity or equity options participation in the group and will benefit from its continued growth and success.”
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