PSigma is rolling out a global equity fund that will employ a GDP-focused benchmark, Money Marketing reports. The new vehicle, which is scheduled to launch on June 17, 2011, will invest 80% in growth stocks, which are low dividend payers, and 20% in stocks that return higher levels of income to shareholders.
The fund will be managed by PSigma’s New York equity strategic partner Centre Asset Management with James Abate and Jing Sun as fund managers. The fund has secured £20 million as seed money from an institutional investor.
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