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Punter Southall takes 100% ownership of PSigma

Punter Southall Group has taken 100 per cent ownership of joint venture PSigma Asset Management.

Punter Southall had a 50 per cent stake in the fund management boutique when it was formed in 2007 and founding partners Bill Mott, Graham Fuller and Ian Chimes had the remaining 50 per cent.

Chimes says all PSigma staff who had equity or options in the firm will now have equity or options in Punter Southall, including Fuller, who stepped down from day-to-day duties at PSigma in spring 2010 but remains a consultant.

Mott says there will be no changes to the key investment teams or managers and the funds and institutional mandates will continue to be managed in the same way.

He 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.”

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 have enjoyed a creative and fruitful relationship with Bill and Ian and look forward to working together for continued future success.”

Skerritt Consultants managing director Andrew Merricks says: “I cannot see a lot changing at PSigma Asset Management. The most important thing for investors is that the main players are staying there.”


Andrew Jones confirmed as HML chief exec

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FSA and Swiss regulator to probe UBS alleged unauthorised trading

The FSA and the Swiss regulator say they are to start investigations into alleged unauthorised trading at UBS. In a statement published last week, the FSA says it has begun a formal investigation against UBS and is in contact with the Swiss Financial Market Supervisory Authority (Finma), which has also announced it plans an investigation. […]


European regulator warns on quality of advice and products

Investors face a number of problems that “cannot be solved by transparency”, according to Steven Maijoor, the chairman of the European Securities & Markets Authority. Speaking at a joint European Parliament and European Commission event on financial advice in Brussels yesterday, the European regulator’s chairman says investors face a number of issues such as lack […]

FSA says 61% not willing to take risk with investments

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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