Ignis Puts Ex-RBS Man In Charge Of Funds Of Funds

Dec 2 2010 | 6:55pm ET

Ignis Asset Management has tapped a former Royal Bank of Scotland Group executive to lead its newly-combined fund of hedge funds, fund of real estate funds, fund of private equity funds and retail mutli-manager businesses.

Michiel Timmerman was named managing director and chief investment officer of Ignis Advisers, which will oversee £2.4 billion.

"I believe that while Ignis Advisers' current products remain the core of the business, current markets present opportunities to add value to clients by introducing new, specialist products, as well as providing a multi-asset alternatives solution which uses our expertise across hedge funds, private equity, real-estate and long-only," Timmerman said.

Timmerman was most recently chief investment officer of funds of funds at Aberdeen Asset Managements. He joined that firm in January after Aberdeen acquired RBS's fund of funds business, and left in October.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…