Wed, Oct 7, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Ignis Argonaut European Alpha Fund launches Euro unit class

Monday, May 30, 2011

Philip Goldsmith
Opalesque Industry Update - A new Euro unit class has been launched for the top-performing €416m Ignis Argonaut European Alpha Fund, managed by Barry Norris.

The fund, which has outperformed its benchmark by 35.3%* since launch in May 2005, provides a dynamic approach to alpha generation, investing in a concentrated portfolio of companies based in Europe excluding the UK.

The Euro unit class complements the existing Argonaut product range, which includes a Pan European Alpha fund, and a Europe ex UK and Pan European Income strategy. It is suited to investors seeking a high alpha product which is able to invest in companies across the Europe ex UK region as well as those who do not want to be limited to the European Monetary Union (EMU) universe.

Funds with an EMU benchmark are unable to invest in some of Europe’s largest markets, such as Switzerland, Sweden, Norway and Denmark, and therefore tend to have a higher weighting to peripheral markets in southern Europe. In contrast, Norris, who co-founded the Argonaut boutique in 2005, has generated his outperformance from an unconstrained approach to investing in markets. He currently has his highest weightings to Germany, Switzerland and Norway.

Philip Goldsmith, Managing Director Europe says: “The European Alpha fund has been an extremely strong performer since launch and investor demand has been growing for a Euro unit class. We are pleased to be able to meet that demand and we look forward to the fund continuing its impressive record of outperformance.”

The fund is registered for sale in Austria and Germany and registration is currently being sought in France, Italy (institutional), Spain and Switzerland.

* Source:Lipper, bid to bid net income reinvested from 12/05/05 to 29/04/11 excluding initial charge. Return in €. Performance figure is shown in € based on the sterling A accumulation unit class converted into € using exchange rate provided by Lipper hindsight.

(press release)


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i