Jersey-based Horizon Group has marked its 2007 rebranding with the launch of a new fund management company and its first collective investme...

Jersey-based Horizon Group has marked its 2007 rebranding with the launch of a new fund management company and its first collective investment fund. Formerly Horizon Financial Services, they have been renamed Horizon Group to reflect their consolidation as a group structure. Established in 2000, they have 15 staff at their Jersey offices and, as reported in WealthBriefing, have recently set up in Geneva and are planning branches in London and Monaco. They have around £170 million ($330 million) of assets under administration. 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 in December 2006 and was seeded with an initial investment of £16 million. Gary Bellot, managing director of the group, has been appointed chairman of Horizon Fund Management, the company which will manage the new fund, while Capita have been appointed as administrators and custodians to the fund. Mr Bellot said: “Later this month, we hope to launch a Conservative Growth European Focus Fund together with a US Focus Fund. We will also look to create a property fund and would hope to offer various other classes, including direct equity and bond funds, at a later date.”