Zurich Investments has appointed Sigma Funds Management to manage its small companies fund.
Sigma will take on the responsibility of managing the Zurich Investments Small Companies Fund, according to a statement.
The fund focuses on Australian small companies outside the ASX 100 and aims to provide “long-term capital growth” and outperform the index over three or more years.
Sigma is “highly experienced” with a record of managing small companies, it said.
“Sigma is an excellent addition to the Zurich suite of best of breed fund manager partners, and their proven track record in managing a 'true to label' small caps fund offers Australian advisers a new solution for this highly sought-after asset class," Zurich Investments senior investment strategist Patrick Noble said.
Sigma chief executive, director and investment manager Stephen Guibin added the Sigma team was proud to partner with Zurich.
“With a proven track record of delivering significant outperformance against the benchmark since inception with this strategy, we’re looking forward to working with Zurich to deliver long-term returns for investors,” he said.
Former CEO of ING Direct Vaughn Richtor will assume the role of chairman at MyState following the retirement of Miles Hampton, the compan...