Ignis

'We are getting too big to back fund managers at launch'

Ignis Asset Management chief executive Chris Samuel is to exit the business next week when the takeover by Standard Life Investments completes, Investment Week understands.

Tim Edwards has left his role as chief operating office of distribution at Ignis Asset Management to join Insight Investments.

‘If people want to emulate what we did with GARS, they are welcome to try’

Some of the UK's biggest bond and absolute return funds are shorting short-dated government bonds and buying into long-dated debt in what is being dubbed the ‘curve flattener' trade.

EFG Asset Management is set to launch an M&A tracker fund led by global chief investment officer Mozamil Afzal, together with head of equity research Robin Milway.

Ignis Asset Management has converted its £1.2bn UK Property fund into a Property Authorised Investment Fund (PAIF) in a bid to offer investors a tax-efficient way to access the vehicle.

EUROPE

Ian Ormiston has added to European construction stocks in his Ignis European Smaller Companies fund in the expectation this area of the market is in line to benefit from a economic recovery.

Analysts expect a number of Ignis funds to merge or close after SLI buys group from Phoenix for £390m