Ignis confirms Argonaut split

Argonaut Capital Partners has confirmed it will split off from Ignis Asset Management, with Ignis retaining a 40% stake in the boutique.

As revealed by Investment Week, Argonaut's founding partners Barry Norris and Olly Russ will take management control, owning 60% under the new structure while Ignis reduces its equity stake from 50% to 40%. Argonaut will run as an independent business, under a single brand and with dedicated management. Argonaut will expand its investment team and management resource and develop its own UK distribution capability. Ignis will continue to distribute Argonaut's funds in Continental Europe. Norris and Russ will continue to head up the Argonaut funds, consisting of European Alpha, European...