View more on these topics

Independent Argonaut sets sights beyond Europe

European equity specialist boutique Argonaut may look to expand beyond European funds once it is operationally independent from Ignis Asset Management.

Ignis is reducing its equity stake in the business from 50 per cent to 40 per cent. Argonaut Capital Partners will take management control, upping its 50 per cent stake to 60 per cent.

The transition is due to be completed in the next 12 months.

Argonaut will take over UK distribution while Ignis will continue with European distribution.

Argonaut Capital Partners partner Barry Norris says: “Initially, our focus will be on our existing products but there is a lot of capacity for our existing products to grow over the coming years. I would not rule out launching products outside the European area.”

He adds that the firm will appoint a chief operating officer in the next month and will make appointments in the operations, UK distribution and investment teams later this year.

Argonaut was founded in 2005 and has £1.1bn of funds under management. It has four onshore funds, including the £405.2m European income, £58.4m European enhanced income, £322.2m European alpha and £8.5m European absolute return funds.

Skerritt Consultants head of investment Andrew Merricks says: “Launching funds outside Europe would work if the firm brings on another specialist manager.”


Tony Byrne

Hungry for success

Like most people, I followed the recent rioting on TV and was saddened by it all. The saddest thing about it was that I was not particularly surprised by it. We live in a country in which people expect the Government to take care of everything. Unfortunately, government is not working. In schools, the teachers […]

Plain English Campaign backs bid to demystify insurance plans

Income protection provider Unum is calling on insurers to simplify their customer product information after it emerged that the insurance sector is the worst at making product literature easy to understand. Unum, backed by the Plain English Campaign, commissioned research into how easy consumers find it to understand product information. Of the 2,016 consumers surveyed […]


Honister Capital to make job cuts in restructure

Honister Capital is to make an undisclosed number of job cuts in a restructure of the business. An email sent to all advisers last week stated the firm was making cuts to reduce operating costs which would see “reorganisation” of business monitoring, adviser development, compliance, IT and customer support services. Honister Capital is made up […]


Defaqto: FSA could set its sights on DFM Sipp panel fees

The FSA could look to ban discretionary fund managers from paying to be on a Sipp provider’s panel as part of wider efforts to improve charging transparency ahead of the retail distribution review, says Defaqto. Earlier this month, the regulator published a platform policy statement in which it said it is “desirable” to ban cash […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm