Norris navigates Argonaut Euro Alpha to top quartile

FUND MANAGER FOCUS

Ignis manager steers £300m boutique fund to third in Europe sector over five years

Barry Norris, co-founder of Ignis joint venture boutique Argonaut, has steered the £300m Ignis Argonaut European Alpha fund to top-quartile performance since its launch in May 2005. The fund is ranked third out of 79 vehicles in the IMA Europe excluding UK sector over five years to 14 June, up 71.1% compared to a sector average increase of 34.1%. Over one year, the fund is ranked 10th out of 109 vehicles, up 22.8% compared to an average rise of 14.6%. Norris also manages the Ignis Argonaut European Absolute Return fund. Launched in February 2009, the £13m vehicle is up 8.6% over one y...