Argonaut drops Ignis, welcomes IFDS as administrator
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Argonaut drops Ignis, welcomes IFDS as administrator 21 June 2012UK Reporter: Georgina Lavers
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Ignis Asset Management has lost its role as administrator to Argonaut Capital Partners’ fund range, with IFDS now taking on the role as of 16 July.
The £292m Ignis Argonaut European income fund will now be known as the IM Argonaut European income fund, and the £269m Ignis Argonaut European alpha fund will be the IM Argonaut European alpha fund.
Argonaut is a concentrated European high alpha boutique set up as a 50/50 joint venture between fund managers Barry Norris & Oliver Russ and Ignis Asset Management. It currently has £1.1bn of funds under management.
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