PSigma adds institutional shares for Fof managers

PSigma is adding institutional shares to Bill Mott's Income and Neil Cumming's UK Growth portfolios,...

PSigma is adding institutional shares to Bill Mott's Income and Neil Cumming’s UK Growth portfolios, following demand from funds of funds managers for clear fees. This is the latest group to provide wholesale investors with share classes not requiring fees to be rebated after discounts and commission. Ian Chimes, managing director of PSigma Asset Management, said the new share class comes following demand from multi-managers to access the funds in a less complicated format. Minimum investment is £3m and the AMC is 0.75%.