The operator of this new non-UCITS retail scheme is sister company PSigma Unit Trust Managers.

The fund is to be a unitised version of the company's current multi-asset fund of funds service Wealth Management Solutions and is to be managed by Tom Becket.  WMS was launched around five years ago with the quantitative support of another sister company, PSolve, the specialist investment consultancy within the Punter Southall Group.

WMS is a multi-asset strategy, blending funds within different asset classes and combining long term strategic and short term tactical asset allocations. The company says the asset allocations have been entirely flexible and have been modified greatly over time, as they have shifted positions in anticipation of changing financial market conditions.

Commenting on the launch, John Howard-Smith, managing director of PSigma Investment Management, said: “We firmly believe that the new fund of funds will prove timely and popular in these volatile markets.  Investors will hopefully recognise that the old-fashioned traditional split between property, equity and fixed-interest offered by the majority of our peers is out-dated. We have been extremely successful with our 'thematic' investments over the last few years, especially in resources and gold, whilst we also believe that our experience in using alternatives, such as hedge funds, will assist us with our aim to continue to deliver strong returns over the years to come”.