Japan and Fixed Income heads part of Ignis cull

As part of the company's 36 Glasgow-based redundancies, Ignis has also let go Japanese equities head Natasha Chetwynd and US equity manager Douglas Wright. McKenna, the Ignis Corporate Bond fund manager, has seen his £309m vehicle decline 21.3% over the year to 8 December, ranking it 83 out of 87 vehicles in the IMA £ Corporate Bond sector, according to Morningstar. The firm's head of credit Chris Bowie will assume control of the fund. Ignis says it is looking to outsource its £400m Japanese mandate, with Stuart Dickson taking the reins until a deal is completed. Recently formed by the ...