PSigma closes Becket's multi-asset fund

The fund will close on 30 September, with Becket (pictured) continuing as chief investment officer. The news follows the closure of the £1m UK Growth fund, run by Neil Cumming, which was wound up on 30 August. Both funds are bottom quartile over one and three years: Dynamic Multi Asset has returned 10.9% over one year and 21.4% over three years, below the sector averages of 13.6% and 28.2% respectively. The UK Growth fund returned 16.4% over one year and 33.5% over three years compared to sector averages of 23.7% and 46.7%, according to Morningstar. PSigma will continue to run i...