Collings takes majority control of Hexam from Ignis

Bryan Collings' Hexam Capital has taken over majority control of its joint venture boutique with Ignis.

Hexam partners will now control 65% of the boutique, after renegotiating the previous 50/50 arrangement with Ignis. Under the terms of the new agreement, Ignis will cease to provide distribution to Hexam. Over time, other operational support activities will be outsourced to third party providers who will be appointed by Hexam. Hexam was established in November 2006, with Collings bringing in a number of partners from former employer Barings. The group currently runs three funds, an onshore and offshore Global Emerging Markets vehicle and an offshore Emerging Europe vehicle. Igni...