Sunday, 26 April 2015
Last updated 1 day ago
May 23 2011 | 9:10am ET
Merchant Capital, having assisted Ignis Asset Management with the launch of its Luxembourg UCITS platform, will continue to serve the company in an advisory capacity.
Ignis Global Funds (SICAV), incorporated in October 2010, is an umbrella fund providing investors with a choice of investments in a range of several sub-funds. The first sub-fund to launch under the umbrella was the Ignis Absolute Return Government Bond Fund in March 2011.
Merchant Capital is the asset management division of Merchant House Group. Merchant’s team, led by Director of Asset Management George Cadbury, has advised the management and legal team at Ignis, providing support using its extensive experience after setting up the Merchant Funds UCITS umbrella.
Said Cadbury: “We are very pleased with the opportunity to work with Ignis in developing their new SICAV structure and feel a huge sense of satisfaction in seeing the successful launch of this project. The relationship recognizes the importance of Merchant Capital as independent specialists within the UCITS sector who can provide expertise and flexibility in helping large asset managers build these complex structures within constrictive time-lines.”
Ignis Asset Management, a Phoenix Group company, had about £76 billion in assets under management as of March 2011. Ignis specializes in fixed income, real estate, UK, European, U.S., Asia Pacific, emerging market and global equities, and fund of funds (including fund of hedge funds, private equity and real estate).
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…