Sterling Bond Fund Transferred To Guernsey

The management of an award-winning sterling bond fund has been transferred to LCF Edmond de Rothschild Asset Management in Guernsey, the promotional agency for the island’s financial services industry, Guernsey Finance said on July 21.

The Prifund Bond Fund, which won the 2010 Lipper Netherlands Best Sterling Bond Fund over three years award, is part of a Luxembourg umbrella that covers a range of traditional, alternative and quantitative funds. It was previously managed from Edmond de Rothschild’s head office in Geneva but day-to-day control has now been transferred to Guernsey.

The fund will be managed by Chief Investment Officer, John de Garis, who is supported by a team of seven investment professionals specialising in fixed income and low risk mandates.

“To be entrusted with a compartment of this flagship fund demonstrates great confidence in the abilities of the Guernsey office,” which will now provide local discretionary management as well as acting as an entry point to the wider group offerings, he said.

Said Marketing Director Stuart Perfitt. “The fund has been well received by our local and international clients alike. In the current environment we believe there is appetite for this daily dealing fund from investors looking for a sensible yield from a quality portfolio and so we are delighted that we now have day to day control.”

Quelle: Tax-News.com

---