Emerging markets manager Hexam goes solo

By Marcus Williams

Hexam Capital Partners, the $1b emerging markets boutique, is going it alone four years after being set up as a joint venture with Ignis Asset Management.

The 50/50 joint venture was launched in 2006 after Ignis poached six  members of Barings’ emerging markets team. Ignis controlled half of the business while the remainder was split between Hexam's fund managers Bryan Collings, Stuart Richards, Marina Akopian and Grant Shotter.

Financial News reported there was tension between Ignis, which distributes and markets Hexam's funds, and the managers at Hexam, who would prefer to limit inflows and grow the business at a slower pace. After the transfer of assets, Ignis will relinquish its duty to cover all the operation and back-office costs of the JV.

By Marcus Williams Hexam Capital Partners, the $1b emerging markets boutique, is going it alone four years after being set up as a joint venture with Ignis Asset Management. The 50/50 joint venture was launched in 2006 after Ignis poached six  members of Barings’ emerging markets team. Ignis controlled half of ...