PSigma Asset Management managing director Ian Chimes says he would like to launch three or four more funds in the next three years.
Chimes (pictured) says the new funds are likely to focus on the UK or global markets.
He says: “There are different options to take advantage of. We could do a different blend of offering in the UK or globally. We could also do a global income fund with our US manager James Abate but there are no plans for that at this stage.”
Chimes says the firm will not enter areas such as Asia as gaining market share is difficult unless you can acquire one of the top five fund managers in the market.
PSigma Asset Management was set up in 2007 and has equity funds in the US, UK and global sectors. It also has a balanced multi-asset fund under the management of Tom Becket.
The firm also had a European fund under the management of 2CG but it closed the fund in March after failing to attract new investors.
Chimes says Punter Southall’s acquisition of PSigma in February has put the firm on a stronger financial base, allowing it to attract more managers to the boutique. Chimes, income manager Bill Mott and pension specialist Graham Fuller owned 50 per cent of PSigma before the deal.
Hargreaves Lansdown senior analyst Meera Patel says: “PSigma is right to broaden the range but it must make sure any additions are cost-effective.”