Ignis

ABSOLUTE RETURNS

Ignis's Chris Bowie has said his newly launched Absolute Return Credit fund is positioned to cope with illiquid corporate bond markets and the potential for a price correction.

Ignis' Terry Ewing has revealed the top American brands to watch as he seeks to insulate his £90m American Growth fund from the difficult global macroeconomic environment.

Developed nations are stuck in a "never-ending cycle of recession" which will lead to a huge growth crisis in the summer of next year, Ignis' chief economist Stuart Thomson has warned.

The continued squeeze on liquidity in the corporate bond market could lead to the closure of larger funds to investors and even cause parts of the corporate bond and gilt markets to shut down.

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Three former members of Neptune's sales team, headed by John Lester, have joined Argonaut Capital Partners.

A number of corporate bond funds are taking on too much risk by running hefty positions to bank bonds, Fund Expert's Brian Dennehy has said.

ASHBY'S ANSWERS

UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.