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Ignis eyes next phase of development as assets jump 4%

Ignis eyes next phase of development as assets jump 4%

Ignis has grown its assets 4% to £81.5 billion.

The asset manager's net new sales also increased and climbed by close to a third in 2011 to £1.7 billion.

Since rolling out its new strategy in 2009, ignis chief executive officer (CEO) Chris Samuel said that a series of new initiatives had helped boost the firm's bottom line.

These included the launch of the Ignis Absolute Return Government Bond fund and the restructuring of its Hexam and Argonaut joint ventures.  More recently Ignis secured the hire of Graham Ashby, who will lead its UK equity income offering.

Samuel added that over the same stretch reviewed in its results, published this morning, Ignis had also witnessed improved investment performance, with 73% of assets outperforming either their benchmark or peers during 2011.

'With a strengthened team in place and after a year of strong performance, Ignis is well positioned to embark on the next phase of its development – to further strengthen performance and client service, deliver new and compelling product to market and to build the business in each of the channels in which we operate,' Samuel (pictured) added.

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