Saturday, 28 November 2015
Last updated 5 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.
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…