Ignis Asset Management CIO Chris Fellingham has revealed plans to add to the firm’s absolute return fund range.
Fellingham is planning on launching a hedge fund version of the pre-existing Ignis Absolute Return Government Bond fund and an Absolute Return Emerging Market Debt fund later this year.
As it stands, the firm’s only absolute return funds are the £61.8m Ignis Absolute Return Credit fund and the £992.2m Ignis Absolute Return Government Bond fund.
Currently the group is running UK and European Equity Absolute Return on paper, with ambitions to bring them to the market but no specific plans in regards to timing.
The group is also planning to launch a tactical asset allocation fund and a fund-of-funds which would encompass all of the firm’s absolute return but there are no official launch dates for these as of yet.