Jersey-based Horizon Group has marked the establishment of a new fund management company with the la...
Jersey-based Horizon Group has marked the establishment of a new fund management company with the launch of its first collective investment fund.
Horizon Funds PCC is one of the first Jersey protected cell companies to be listed on the Channel Islands Stock Exch-ange. Its new fund, Horizon Conservative Growth UK Focus was admitted to the Exchange on 8 December 2006 and seeded with an initial investment of £16m.
The product, an unclassified open-ended collective investment fund, will replicate Horizon's conservative growth discretionary model.
Since its inception in January 2001, this model's annualised return has been 9.9%, putting Horizon into the top quartile of all investment houses.
Gary Bellot, managing director of Horizon Group, has been appointed as chairman of Horizon Fund Management Limited, the company which will manage the new fund, while Capita has been appointed as the administrators and custodians to the vehicle.
Bellot said: "Following on from the launch of this initial fund, the aim is to have a full range of offerings in the near future.
"Later this month, we hope to launch a Conservative Growth European Focus fund together with a US Focus fund. We will also create a property fund and would hope to offer various other classes, including direct equity and bond funds." key points
Conservative Growth UK Focus fund was seeded with £16m
Horizon will launch other collective investments
European and US funds will be followed by a property fund
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