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PSigma looks to Abate to widen boutique expertise

PSigma is to launch a US large-cap growth fund after announcing the appointment of former Credit Suisse stalwart James Abate.

Abate will join forces with former CSAM colleagues Ian Chimes and Bill Mott at the firm, having previously managed the CSAM transatlantic fund from 1995 to 2000.

After leaving CSAM in 2000, Abate joined GAM to run an American focus equity fund. He left the firm in 2006 and is currently running his own boutique offering Centre Asset Management from New York.

PSigma will look to launch the fund in mid-October, subject to FSA approval.

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