The recent acquisition of the offshore funds previously available from Insight Guernsey has allowed Syndicate Asset Management Plc to set up Zenith Fund Management as its offshore fund management division.
Zenith will now take on the responsibility for the ongoing investment management of the nine newly acquired funds encompassing money market and fixed interest investments as well as multi-manager equity based funds. These funds have an existing track record and have been supported by both private clients and professional financial advisors. Zenith through its relationship with other parts of the Syndicate group intends to develop these funds to remain attractive to existing supporters as well as introducing to the wider audience available within the Syndicate group where the Epic, Ashcourt and Savoy funds have already been available.
The acquisition of these funds extends Syndicates activities to the offshore market and continues the development of Syndicate as a leading provider of fund management and financial services in the UK and Europe.
Zenith will call upon the individual and collective skills available within the existing businesses that already make up the Syndicate group and in particular the money market and fixed interest offshore funds will become the responsibility of senior fund managers at EPIC who are responsible as at September 2007 for approximately £2.3 billion of funds in these markets predominently on behalf of institutional clients.
Ashcourt Asset Management who already run equity based collective funds and other portfolios for private clients in excess of £1.2 billion at the end of August 2007, will take responsibility for the offshore multi-manager funds.
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