Sun, Mar 18, 2018
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. Performance - Hedge fund mojo is back with investor hopes at six-year high, These hedge funds produce the most consistently great results[more]

    Hedge fund mojo is back with investor hopes at six-year high From Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore. Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG sur

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t