Punter Southall Group has today taken full control of boutique fund manager Psigma Asset Management.

When PSigma was launched in 2007, financial services firm Punter Southall had a 50 per cent stake and it has now bought out the founders’ 50 per cent.

PSigma and Punter Southall were both keen to stress that there would be no changes to investment teams or managers at the firm, which currently has around £750 million of assets under management.

Bill Mott, one of the founding partners of PSigma who, as a result of the takeover, is now a significant shareholder in Punter Southall, commented, ‘It will be “business as usual” for us with no changes to roles and responsibilities within the UK team.

‘There will be no change to the way the UK funds and institutional mandates are managed. All staff at PSigma Asset Management have equity or equity options participation in the group and will benefit from its continued growth and success.’

Punter Southall chief executive Jonathan Punter explained that his firm had taken full control of PSigma to expand the ‘scope and scale of investment services’ available to its clients.

He added, ‘Our business keeps growing and this agreement is part of the strategy to provide a unique range of financial services.’

Punter Southall was founded in 1987 and provides a broad range of financial services, including actuarial consulting, independent financial advice and investment services.