Ignis

THE BIQ QUESTION

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

US

Ignis Asset Management's Chris Bowie is set to move short duration on the top-performing Corporate Bond fund, ahead of a "painful readjustment" in yield movements.

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

One of the key positive aspects of equity investment is that you can buy and sell stakes in small and larger companies, safe in the knowledge prospective and existing owners of a business are being treated equally.

Graham Ashby has taken over a UK Enhanced Income fund at Ignis, targeting a yield of up to 9%.

In the first of a two-part special, fund managers explain which areas of fixed income offer the best opportunities during unprecedented times for markets.

Simon Cowan is to join Ignis Asset Management as fund sales director as the group continues to restructure the UK retail business away from the joint venture boutiques.

Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.