Argonaut Capital Partners is set to become independent from Ignis Asset Management, following in the footsteps of previous joint venture boutique Hexam which split off last year.
Investment Week understands Ignis will retain a financial interest in the European equity-focused boutique, as it did with Hexam. Currently, the business is structured as a 50/50 joint venture between the managers and Ignis. Barry Norris and Olly Russ will continue to head up the Argonaut funds - consisting of European Alpha, European Absolute Return, European Enhanced Income and European Income - and are expected to hire staff to take responsibility for the boutique's distribution and back office operations. Within the range, the £326m European Alpha fund is one of the top performing...
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