KHG Funds – a range of Isle of Man-regulated funds − has appointed SMP Fund Services as the fund administrators.
Following initial success after its launch 12 months ago, KHG has ambitious expansion plans for the year ahead.
SMP Fund Services, a member of the SMP Partners Group, is one of the Isle of Man’s business success stories in recent years and is now set to support KHG Funds as it goes from strength-to-strength.
Glen Cochrane, director of KHG Funds, said: ‘We recognise the importance of aligning ourselves with an administrator which has unparalleled drive and a truly international perspective.
‘Our primary aim is to develop and enhance clients’ experiences with KHG products, so it’s vital that we’re able to deliver equally high standards through our key partners within the fund range.’
The range currently comprises four sub funds – diversified income, balanced, new world opportunity and private equity.
The investment management is provided by Creechurch Capital, the Isle of Man-based investment firm.
Steve McGowan, chairman of the SMP Partners Group, said: ‘We’re delighted that SMP Fund Services has been chosen as administrators to the KHG Funds range.
‘We’ve invested considerably in the business over the last four years and built an exceptional team with a broad international portfolio.’
He added: ‘The appointment to such an innovative and well-managed range of funds reiterates that SMP Fund Services is now firmly established as one of the island’s leading fund administrators.
‘As two forward-thinking Isle of Man-based businesses, we’re confident that we will complement each other’s offering and we look forward to working with Glen and the KHG team.’