Axial and Ignis complete merger

Pearl Group has merged Ignis Asset Management and Axial Investment Management, with both groups now trading under the Ignis brand.

The merger will give Ignis access to the derivative capabilities employed at Axial and will allow the group to fully utilise Ucits III powers within its retail range of funds. It will also give Ignis access to the allocation tools and techniques developed by Axial's institutional managers, while the Axial managers will be able to offer their services to the wider retail market. Axial was launched by Pearl in 2006 after it identified an in-house need for improved analytical investment capabilities, broader access to alternative assets, enhanced risk management skills and diagnostic too...