Absolute Alpha fund soft launch imminent

Ignis to seed Argonaut Absolute Alpha with E20m, with managers highlighting Europe's superior shorting outlook

Resolution Argonaut's forthcoming Absolute Alpha fund will be seeded with approximately E20m from newly formed Ignis Asset Management. Due to be opened to retail investors later this year, the fund is billed as a European equivalent to BlackRock's hugely successful UK Absolute Alpha vehicle. Oliver Russ, who will co-manage the portfolio alongside Barry Norris, confirmed a soft launch for the fund is imminent once final adjustments have been made to its prospectus. He added the long component of the portfolio - around 50 stocks each weighted at 1% - will closely mirror his existing Eur...