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PSigma Investment Management to manage PS balanced managed FoFs

PSigma Investment Management has announced it is to manage the PSigma balanced managed fund of funds on behalf of PSigma Unit Trust Managers.

The product is to be a unitised version of PIMs current multi-asset fund of funds service, Wealth Management Solutions, which delivered returns of 61.8 per cent from March 2003 to June 2008.

WMS, which blends funds with different asset classes, was launched five years ago and is managed by Tom Beckett.

PIM managing director John Howard-Smith says: “PIM has a track record in managing multi-asset portfolios and we recognise that clients do not simply want to outperform inappropriate benchmarks rather they want to achieve real rates of return.

“We firmly believe that the new fund of funds will prove timely and popular in these volatile markets.”

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