PSigma bought by Punter Southall Group

When PSigma first launched in February 2007 it was structured as a joint venture, with 50 per cent owned by the founding partners and 50 per cent by Punter.

As a result of the acquisition Psigma founding partners Bill Mott, manager of the company’s two equity income funds, Income and Monthly Income, and managing director Ian Chimes have been made significant shareholders in the Punter Southall Group.

Both groups said it wold be “business as usual” with no changes to investment teams and managers and Psigma funds and institutional mandates would continue to be managed in the same way.

Punter Southall Group chief executive Jonathan Punter said the deal reinforced the scope and scale of investment services the Group is able to offer to a broad spectrum of clients.

He added: “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’ve enjoyed a creative and fruitful relationship with Bill and Ian and look forward to working together for continued future success.”

Mr Chimes said: “Both our investment and management teams have thrived within the Punter Southall Group, despite some of the most difficult market conditions imaginable.

“This move retains our position as a first-class investment boutique and continues to allow our highly-skilled investment team to focus on what it does best – managing money.”