PSigma Asset Management has launched the PSigma Income Fund. Managed by Bill Mott, the fund will initially have a large cap bias with as few as 30-35 stocks, but later exposure to mid and small caps could take the number of stocks to 65-70. 

He said: "My investment style will remain, as always, driven by the top-down macro-economic themes, trying to spot inflection points at various market levels and using stock-picking to try to best articulate the investment themes.

"After a three-year bull market, investors are torn between the potentially mature nature of this bull market and the relatively benign eco...