Argonaut Pan European Alpha fund closes while Norris anticipates 'significant' inflows to income fund

Run by Barry Norris

The Argonaut Pan European Alpha fund, run by Argonaut founder Barry Norris and deputy Greg Bennett, is closing next month.

The closure follows a tumultuous period for the fund, which was launched in 2005 when Norris co-founded Argonaut Capital as a joint venture with Britannic Asset Management, later known as Resolution then Ignis. The Argonaut Pan European Alpha fund's assets sit at €4.5m (£3.98m). Over three years, the fund has lost 8.6% compared to the 22.7% average return of the offshore equity Europe including UK sector, FE data shows. It is bottom quartile over five years, three years, one year and six and three months. Period of change In July this year, Argonaut Capital Partners International - ...