Miton's Mott to retire at end of 2014

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Miton Group UK equity income manager Bill Mott is to retire from fund management at the end of the year.

Mott, manager of the PSigma Income fund with Gervais Williams and Eric Moore, will hand over his role of lead manager of that fund to Moore as of that point. That will bring to an end a multi-decade career in the industry, most notably featuring a 30-year spell at Credit Suisse during which Mott made his name. Miton head of sales and marketing Ian Chimes said there will be no change to PSigma Income's process or investment objective following Mott's departure. "A great fund manager and communicator, he leaves the group with our best wishes for his retirement and leaves the fund in ...

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