PSigma

ON UK INCOME

Miton Group's shares have jumped by almost 17% in early trading following its acquisition of Psigma Asset Management in a deal worth up to £13m.

Miton, the AIM-quoted fund management group, has announced the acquisition of Psigma Asset Management in a deal worth up to £13m.

Thomas Miller Investment has appointed former Psigma IM head Matthew Lonsdale as its new head of intermediary business development.

Psigma has dodged today's Japanese equity sell-off after the firm's CIO Tom Becket told its investment managers to reduce exposure earlier this week amid fears a pullback was imminent.

Fund managers are starting to buy back into UK-listed large-cap miners, seeing valuations as too good to refuse as wider sentiment on the sector hits a "decade low".

Our ten most popular stories of this week were something of a mixed bag - readers wanted to know which were the most popular funds of Q1, why equity valuations could be misleading, and who was the latest high profile hire at Ashcourt Rowan.

Ex-LGIM sales head Frank McGarry has joined Psigma Investment Management as director for business development and marketing.

Psigma Investment Management has cut the AMC on its discretionary fund range from 1% to 0.5% in a move to broaden its reach into the intermediary market.

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