Ignis’ Brian Jack wins top liquidity fund manager award

Press Release

– Brian Jack voted top manager in the Sterling money fund universe (iMoneyNet offshore ex-US) at the iMoneyNet awards 2010
– The Ignis Sterling Liquidity Fund was the best performing fund in the larger fund category (over £1bn) in 2009 on both a gross and net basis
– The Ignis liquidity funds have the highest, most stable ratings – AAAm from Standard & Poor’s and AAA/MMf from Fitch Ratings
Ignis is delighted to announce that Brian Jack, manager of the £5.9 billion Ignis Sterling Liquidity Fund, has won the Top Manager award in the Sterling fund universe (offshore ex-US) at the iMoneyNet awards 2010. The fund outperformed the IMMFA Sterling Average* sector by 57 basis points achieving a gross total return of 1.63% over 2009†.

Brian Jack, manager of the Ignis Sterling Liquidity Fund, says:
“I’m delighted that we have received such a prestigious award, which is fantastic recognition of the great job done by the team over what was an extremely challenging year for our industry. Our prudent approach to both credit and liquidity was of paramount importance during a period of unprecedented volatility. Maintaining our performance track record through this environment was hugely satisfying.
“We will look to build on the successes of 2009 as we enhance our product range and grow the franchise in 2010.”
Structured as an Irish domiciled UCITS III regulated umbrella fund, the Ignis Liquidity Fund is available in sterling, Euro and US dollar denominations, providing a choice of liquidity and performance objectives. The managers invest in highly rated transferable securities such as certificates of deposit, floating rate notes and commercial paper.
Commenting on the award, Jonathan Polin, director of Ignis Asset Management, says:
“Brian and his team have done an outstanding job in a challenging market environment. The fund is consistently one of the top five liquidity funds in the IMMFA sector and this award is well deserved given the team’s strong relative outperformance and robust investment process.”