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Britannic Argonaut fund takes 100m in six months

Britannic Asset Management’s Argonaut European alpha fund has taken 100m in under six months.

The Oeic, managed by Barry Norris and Oliver Russ, was launched in May 2005 and has been supported by a number of multi-managers including New Star’s Mark Harris.

The fund is a high-conviction portfolio targeting a high return. 1000 invested at inception was worth 1179 on October 31, 2005 against the IMA’s Europe ex-UK sector average of 1121.

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