Ignis' Absolute Return rates fund manager to depart

Grant Peterkin, co-manager of the Ignis Absolute Return Government Bond fund, is leaving the firm, Investment Week can reveal.

The manager is leaving before the end of the year to work abroad within the financial services industry. Peterkin currently works alongside Russ Oxley, Ignis' head of rates, chief economist Stuart Thomson, and senior portfolio manager Adam Purzitsky on the portfolio. The fund was launched in March last year and has seen assets rise to £513.1m in that time. Peterkin's tenure at the firm has been short - he joined Ignis in 2011 from Citigroup, having previously worked at Standard Life Investments and J.P. Morgan. Ignis said it has no plans to directly replace Peterkin, adding the ...