Horizon sets up new fund business

Professional Adviser
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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 Exchange. Its new fund, the Horizon Conservative Growth UK Focus Fund PC, was admitted to the Exchange on 8 December 2006 and seeded with an initial investment of £16 million. The new fund, 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 9.90 per cent, putting Horizon into the top quartile of all investment houses. Gary Bellot, mana...

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