Connaught’s new Guernsey Fund Sees Growing Interest

Connaught Asset Management is attracting growing interest with its latest fixed income fund, which was recently launched as a Guernsey Financial Services Commission (GFSC) authorised fund and listed on the Channel Islands Stock Exchange (CISX).

The Connaught Income Fund Series 2, offering returns of up to 7.5% p.a. with no fees or costs payable by the investor, is the latest asset backed fund that raises finance for short-term residential property lending in the UK.

James Bromhead, Connaught's contact in the Channel Islands, said: "The fund is capitalising on the demand for short-term secured loans due, in part, to a shortage of traditional high street mortgage finance and their specialist partner Tiuta Plc is inundated with loan requests for development finance."