Argonaut opens European Absolute Return fund

Ignis joint venture Argonaut Capital has today opened its long-awaited European Absolute Return fund...

Ignis joint venture Argonaut Capital has today opened its long-awaited European Absolute Return fund, the first new launch for the boutique since 2005. Managed by Barry Norris, the vehicle will hold a high-conviction portfolio of long and short equity positions and plans to utilise a variety of asset classes and derivative instruments in a bid to deliver a total return. The Ucits III offering will primarily invest in mainstream Europe, but can also access the UK and Eastern European markets. Norris, who runs the top-decile £204m Argonaut European Alpha fund, will be assisted by Argona...