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George Cadbury, Merchant Capital

Merchant Capital appointed Advisor to Ignis Asset Management’s UCITS SICAV umbrella fund

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Merchant Capital, the asset management division of Merchant House Group, has announced an ongoing advisory relationship with Ignis Asset Management (Ignis”, after assisting in the construction of its newly launched Luxembourg UCITS umbrella, Ignis Global Funds (SICAV), which was incorporated on 28th October, 2010.

The Merchant Capital team, headed up by Director of Asset Management George Cadbury (pictured), has advised the management and legal team at Ignis, providing support using its extensive experience after setting up the Merchant Funds Plc  UCITS umbrella.
 
Ignis Global Funds is an umbrella fund providing investors with a choice of investments in a range of several sub-funds. The first sub-fund to launch under the umbrella was the Ignis Absolute Return Government Bond Fund on 31st March 2011.
 
The Ignis Absolute Return Government Bond Fund is a Luxembourg domiciled UCITS III SICAV fund aiming to deliver positive absolute returns in sterling or Euros and outperform cash on a 12 month rolling basis by investing in global government bonds and currencies, while taking on low levels of risk. The fund is managed by the Ignis rates team which is responsible for managing over EUR35 billion in global rates assets.
  
“We are very pleased with the opportunity to work with Ignis in developing their new SICAV structure and feel a huge sense of satisfaction in seeing the successful launch of this project," says Cadbury. "The relationship recognises the importance of Merchant Capital as independent specialists within the UCITS sector who can provide expertise and flexibility in helping large asset managers build these complex structures within constrictive time-lines.”

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