SLI head of equities David Cumming says the firm is just two months into the integration of Ignis, which it bought from Phoenix Group in March for £390m.
The company manages £59bn, of which £11bn is tied up in the equity funds that were moved into the SLI fold on 26 August.
“Despite the fact that we are only eight weeks into what will be an 18 to 24-month programme, the integration of Ignis is on schedule and progressing extremely well,” Cumming says.
One of the affected Ignis managers, Mark Julio, has been snapped up by Sarasin & Partners. Julio used to run the £138.9m Ignis Global Emerging Markets Equity fund which has been taken over by Alistair Way, of SLI.
Ignis equity funds moved to SLI
|Fund Name||Fund size (appx as at 04/08/14)||New manager||Former fund manager|
|Ignis Asia Pacific||14,157,955||Will Malcolm||Gordon Mackay|
|Ignis China Fund||30,597,707||Magdalene Miller||Diamond Lee|
|Ignis Global Emerging Markets Equity Fund||138,875,721||Alistair Way||Mark Julio|
|Ignis Intl Global Equity Fund||29,284,181||Mikhail Zverev||James Smith|
|Ignis North America||24,068,936||Jeff Morris||Terry Ewing|
|Ignis Pan Europe||19,861,550||Tony Hood||Jonathan Fearon|
|Ignis European Smaller Company||76,752,244||Andrew Paisley||Ian Ormiston|
|Ignis American Growth Fund||116,125,021||Jeff Morris||Terry Ewing|
|Ignis Balanced Growth Fund||135,517,702||Henry Flockhart||Ralph Brook-Fox|
|Ignis Managed Trust||14,470,184||Scott Smith||James Smith|
|Ignis European Growth Fund||52,583,204||Kay Eyre||Ian Ormiston|
|Ignis UK Equity Income Fund||94,394,739||Karen Robertson||Graham Ashby|
|Ignis Global Growth Fund||37,301,916||Mikhail Zverev||James Smith|
|Ignis Pacific Growth Fund||49,896,407||Will Malcolm||Diamond Lee|
|Ignis Smaller Companies Fund||69,754,497||Caspar Trenchard||David Clark|
Source: Standard Life Investments