Tue, Jan 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Long-only and fund of funds UK manager Ignis AM launches new absolute return strategy

Thursday, October 10, 2013

Benedicte Gravrand, Opalesque Geneva:

Ignis Asset Management has just launched its latest absolute return strategy, the Ignis Global Macro Government Bond Fund, with £25m ($40m) seed money.

Registered in Luxembourg as a Specialised Investment Fund (SIF), this hedge fund is suitable for eligible institutional investors only.

Ignis, the British-based fund management unit of insurer Phoenix Group, runs long-only fixed income, equity, real estate funds as well as funds of funds (including funds of hedge funds) mainly for the retail sector, and has around £66.9bn ($106.6bn) in total assets under management.

The new Global Macro fund is a new internally run hedge fund and it is a non-UCITS version of the £1.5bn UCITS compliant Ignis Absolute Return Government Bond Fund. The latter, which is up 2.48% YTD, has delivered a total return of 18.5% and an annualized return of 7% with a standard deviation of 3.3% since its 31 March 2011 launch.

According to Ignis’ announcement, the Global Macro fund will translate macroeconomic views into carefully diversified long and short positions, predominantly in the most liquid government bonds and currencies. Underlying investments will be split in......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised