Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Ignis Asset Launches Maiden Hedge Fund

Oct 09, 2013
Jing Chen

The asset management unit of insurer Phoenix Group has launched its first internally-run hedge fund.

Financial News reported that Ignis Asset Management’s new fund, based in Luxembourg, was seeded with about $33.8 million of internal money. Headed by Russ Oxley, Ignis is doubling the risk its managers are allowed to take for the new fund.

The fund hopes to achieve returns by translating macroeconomic views into diversified long and short positions predominantly in the most liquid government bonds and currencies.

With several locations across Europe, Ignis Asset has about $90.5 billion in asset under management.


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