Friday, 22 May 2015
Last updated 9 hours ago
Jul 19 2013 | 8:49am ET
Ignis Asset Management is poised to launch four fixed-income hedge funds and has plans to launch long/short equity funds as well.
The firm will launch a high octane hedge fund version of its Absolute Return Government Bond fund, targeting returns between 8% and 12%, reports The New Advisor.
Ignis Chief Investment Officer Chris Fellingham said Q3 2013 will see the launch of an absolute return emerging market debt fund run by Dan Beharall, followed by an absolute return tactical asset allocation fund run by Fellingham himself. The latter fund will invest in a mix of equities and bonds, based on Fellingham’s macro outlook—a strategy similar to the one he once ran for Soros.
The firm also has plans to launch a 'best of' fund, made up of units of all the funds and is now running virtual portfolios of UK and European equities with the eventual intention of launching long/short equity funds.
Currently, Ignis has two absolute return funds—the £61.8 million Ignis Absolute Return Credit fund and the £992.2 million Ignis Absolute Return Government Bond fund.
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…