Miton to scrap PSigma name from three funds

Miton is to rebrand a trio of PSigma Asset Management funds following its acquisition of the firm last year.

The £262m PSigma Income, £19m PSigma American and £22m PSigma Global Equity funds will become Miton Income, Miton American and Miton Global Equity as of 3 November. PSigma Asset Management was acquired by Miton in July 2013 in a move which saw managers such as Bill Mott (pictured) and Eric Moore move across to the firm. Mott has subsequently announced he will retire from fund management at the end of 2014. Miton said there would be no change in the investment objectives or management of the funds following the rebrand. Ian Chimes, head of sales and marketing at Miton, said: "Thi...