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Barry Norris From Precy Dumlao, Opalesque Asia:
The Ignis Argonaut European Alpha Fund is to launch a new Euro unit class. It is managed by UK-based Argonaut Capital Partners, the 50/50 joint venture between the Argonaut partners Barry Norris and Oliver Russ and Ignis Asset Management - and not to be confused with Argonaut Capital Management, another fund manager.
In a statement, the managers said the new Euro unit would complement other existing Argonaut products: "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."
Indeed, funds with an EMU benchmark are unable to invest in some of Europe’s largest markets, including Switzerland, Sweden, Norway and Denmark, and tend to have a higher weighting to peripheral markets in southern Europe. In contrast, the fund uses "unconstrained approach to investing in markets." Barry Norris, fund manager and co-founder of the Argonaut boutique, currently has his highest weightings to Germany, Switzerland and Norway.
The Ignis Argonaut fund has outperformed its benchmark by 35.3% since launch in May 2005, and is providing a dynamic approach to alpha generation, investing in a concentrated portfolio of companies based in Europe excluding the UK. According to the ...................... To view our full article Click here
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