Evelyn Partners Fund Solutions Ltd (EPFL) is to act as authorised corporate director (ACD) and fund administrator for Adam Rackley’s Cape Wrath Focus Fund.
EPFL (formerly Smith & Williamson Fund Administration Limited), said in a statement on 15 august that it has a long-standing history of providing fund governance and administration services and has grown to become "one of the most experienced" ACD providers to UK domiciled funds.
The business currently supports over 150 funds with funds under governance of c£10bn.
The management of the Cape Wrath Focus Fund was recently moved to Dowgate Wealth.
Appointing EPFL as ACD and fund administrator for Adam Rackley’s fund extends EPFL’s partnership with Dowgate Wealth. EPFL already provides ACD and fund administration services for four funds within its existing range.
Adam Rackley, fund manager at Dowgate said: “My thanks to the team at EPFL for managing a seamless ACD transition. I have been impressed by the professionalism of everyone I have met at EPFL and look forward to building a long-term relationship with the team there.
“The Dowgate Wealth fund platform is home to a number of differentiated investment strategies, and the Cape Wrath Focus Fund is a strong fit with this existing fund range. Dowgate's operational and regulatory infrastructure provides a solid foundation for this growing fund management business and I believe them to be an attractive partner to fund managers and boutique firms.”
Neil Coxhead, CEO of Evelyn Partners Fund Solutions Limited said: “We are delighted to have been appointed as independent ACD to the Cape Wrath Focus Fund which helps strengthen our partnership with Dowgate Wealth. We look forward to working with Adam and the team and supporting the fund in delivering valued investor outcomes”.
