Psigma Investment Management has acquired equity fund manager AXA Framlington’s private client business, subject to regulatory approval.

AXA Framlington’s portfolio managers, Rupert Hunter, Michael Firth and Jon Gould, together with their six support staff, will all join Psigma Investment Management, Psigma said in a statement.

"It is our strategic ambition to become one of the UK’s leading private client investment managers and this acquisition takes us one step closer to our goal.  Rupert, Michael and Jon bring a combined experience of over 50 years and this will be highly valuable to Psigma as we continue to build on our ambitious growth strategy," said John Howard-Smith, chief executive of Psigma Investment Management.