Fund manager Bill Mott is to retire from Miton Group and the fund management industry at Christmas.
Current co-manager Eric Moore will become the lead fund manager on the PSigma Income Fund alongside Gervais Williams.
Mott will continue to be involved in the management of the fund until his retirement date.
There will be no change to the investment objective of the fund or to its thematic investment approach. It will remain a predominantly mega cap fund. In recent times, the fund has had around 75 per cent exposure to the FTSE 100 Index and overseas equivalents.
Ian Dighe, executive chairman of Miton Group says: “Bill has made an outstanding contribution to the fund management industry in the UK. Together with my fellow board members we would like to wish him a very happy retirement.”
Moore, who has worked alongside Mott since May 2010, will be the lead manager and will continue the day-to-day management of the fund implementing the macroeconomic, multi-year themes of the fund.
Williams, who became co-manager of the fund at the end of last year, will continue in this role providing specialist mid and small cap experience.
