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T Bailey piles into Mott’s new fund

T Bailey has become the latest investment firm to throw its backing behind Bill Mott’s new PSigma equity income fund.

The multi-manager firm has made the fund its fourth-biggest holding within its £12m equity income vehicle with a 10.4 per cent weighting.

T Bailey fund manager Jason Britton says the selection was down to Mott’s track record and his long-term commitment to PSigma as one of the founders and part-owners of the asset management firm alongside managing director Ian Chimes and Graham Fuller.

He says: “Bill has a fantastic track record as a manager and the figures for his new fund stack up fantastically well. The only downside was having to make some internal shuffling to incorporate him.”

Mott’s fund has grown to £161m since its launch at the end of the Isa season and is taking in over £1m a day.

Chimes says: “We have gone past the stage where garnering assets was the issue. The more pleasing thing for us now is that so many advisers have watched us in the launch period and decided to put the fund on their buy lists.”

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