Psigma's Gregory steps down as fund manager

Gregory, who is chief investment officer of PSigma Investment Management (PIM), will now concentrate solely on the private client operation, which has seen its assets under management soar to £534m. Ian Chimes, managing director of PSigma Asset Management, said: “We felt that the private client side of the business required a full time chief investment officer’s attention.” Neil Cumming will take sole responsibility for the UK Income and Growth fund, which the company recently announced would be renamed as the PSigma UK Growth fund. As part of a series of changes to the fund, the f...