Ignis unveils credit partnership with Castle Hill

Ignis Asset Management has teamed up with specialist credit investment manager Castle Hill Asset Management.

Castle Hill has more than $2bn of gross assets under management including sub-advisory mandates from Ignis invested across two leveraged loan portfolios and one long/short credit portfolio. The tie-up takes place alongside the launch of the Castle Hill Total Return fund, a hedge fund focused on opportunistic credit strategies and capital structure arbitrage. This vehicle has been seeded with $50m of capital by Castle Hill employees and associates. Ignis holds a 49% non-controlling interest in Castle Hill, marking a departure from the 50/50 controlling share it has struck out in its...