Ignis reduces stake in Argonaut Capital Partners

Wed Aug 24, 2011

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European equity boutique Argonaut Capital Partners is to become a standalone business following a restructuring of its joint venture with Ignis Asset Management. Argonaut will take management control, owning 60% under the new structure, with Ignis reducing its equity stake from 50% to 40%.

The aim is for Argonaut to be able to develop as an independent business, under a single brand and with dedicated management. Argonaut will expand its investment team...

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