Ignis absolute return manager to exit

Ignis Absolute Return Government Bond fund co-manager Grant Peterkin is set to leave the business.

Peterkin, who co-manages the £552 Ignis Absolute Return Government Bond fund, is set to leave Ignis to work abroad. He works alongside Ignis head of rates Russ Oxley and chief economist Stuart Thomson on the portfolio.

A spokesperson for the firm says his leaving date has not yet been decided and that it does not plan to directly replace Peterkin, as the rates team is already well-resourced with eight members.