Phoenix Fund Services has been selected to provide fund administration for the Unicorn Investment Funds OEIC, which includes five sub-funds.

Phoenix will supply fund accounting and transfer agency services to the investment management company.

Stuart Mathieson, managing director of Phoenix Fund Services UK, said: “We are delighted to be working with Unicorn and their funds are a valuable addition to Phoenix’s growing UK funds administration business.

“As fund managers continue to look for efficiencies across their businesses, Phoenix’s unique proposition that combines straight through processing and fund accounting from one single data entry, is receiving increasing attention.”