Ignis Asset Management has hired a Financial Risk Management fund of hedge funds manager to run a new credit fund.
Ingrid Neitsch was named head of credit strategies at Ignis Advisors, the company said. She'll focus on the specialist alternatives division's investments in hedge funds and private equity credit markets, and will oversee a new Strategic Credit Fund that Ignis will roll out in the fourth quarter.
The new fund will invest in specialist, low-liquidity credit strategies.
"The launch of the Strategic Credit Fund later this year will be a good example of this and will suit clients who are able to make a longer-term commitment," Neitsch said. It is particularly suitable for clients seeking longer duration assets to match their liability structure. This is an area that has received less focus in recent years but demonstrates excellent return potential."
Neitsch, who begins at Ignis next month, was sector head for credit at FRM, where she managed its Long-Short Credit Fund.