Ignis Argonaut Europe Absolute to soft launch for six months

Ignis joint venture Argonaut is unlikely to open its soon-to-launch European Absolute Return vehicle...

Ignis joint venture Argonaut is unlikely to open its soon-to-launch European Absolute Return vehicle to the wider market for at least six months. The third fund for duo Olly Russ and Barry Norris, the new offering is set to be soft launched in the coming weeks with seed money from Ignis and Argonaut and plans to build up a strong track record before a broad marketing campaign. Russ and Norris' Ignis Argonaut European Alpha and European Income funds are both top quartile over three years to 26 January, down just 0.9% and 4.5% respectively against an 11% decline for the IMA Europe Excludi...