18 Aug Argonaut to Split from Ignis

Argonaut Capital Partners have announced that they are to split from Ignis Asset Management and become a completely independent venture. They will follow in the footsteps of Hexam, which did the same thing last year. Ignis will continue to retain a financial interest in the group, however the ownership structure of the equity focused boutique will likely be altered from the 50/50 agreement to one that transfers the majority of the shares to the managers at Argonaut. Barry Norris and Olly Russ will continue to head up the Argonaut funds - consisting of European Alpha, European Absolute Return, European Enhanced Income and European Income. The group are also expected to hire staff to take on some additional responsibilities.