Thu, Nov 26, 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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November