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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note