The £1bn UK Commercial Property trust run by Ignis Asset Management has cut both its fees and its dividend in a move to a 'more sustainable policy'.
Ignis Asset Management has launched an Absolute Return Emerging Market Debt fund for Dan Beharall in a move to expand its absolute return product range.
Absolute return providers have been forced to respond to capacity questions by changing fund remits or even soft-closing vehicles as flows into the sector leap this year.
Ignis Asset Management is preparing to expand its product range as it reports profits for the first half of the year were unchanged from H1 2012.
Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.
Ingis Asset Management has hired Mira Bhogaita as portfolio manager on the UK equity team.
Ignis Asset Management saw profits fall by 6% and AUM come down nearly £5bn in 2012, as the renegotiation of its joint venture deals impacted the business in a "year of significant change".
Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.
James Senior, head of marketing at Ignis, has left the firm with immediate effect.
Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.