Psigma Investment Management (PIM) has completed the acquisition of Axa Framlington’s private client business, according to Funds Europe.
The private client business is previously known as AXA Framlington Portfolio Management is a specialist division within the UK equity team at AXA Framlington.
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PIM, part of Punter Southall Group, now has over £2 billion (1.2 billion) of assets under management.
The three portfolio managers at the Axa Framlington private client business, Rupert Hunter, Michael Firth and Jon Gould, together with their five support staff, have all joined the asset manager.
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