PSigma Asset Management has revealed details of its new European Income fund, subject to regulatory approval, to be sub managed by European equity boutique 2CG.
The fund will invest primarily in Continental European companies and is expected to hold 30-40 stocks. It will aim to achieve a reasonable and rising income together with long-term capital growth. 2CG was founded in March 2000 and is majority owned by its founders and current directors, Chris Garsten and Charles Glasse. The duo’s primary focus is Continental Europe and they have a ‘relative value’ approach to investment. Glasse, formerly head of M&G’s Continental Europe team, managed the £400m M&G European Dividend fund for over 10 years while Chris was a founder member of Patricia Maxw...
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