Jersey Fund Administration values top £300bn

The latest figures collated by Jersey’s regulator, the Jersey Financial Services Commission, show the value of regulated funds serviced in Jersey exceeding £300bn for the first time in 2018, reports Jersey Finance.
The figures for the third quarter ended 30 September 2018 show that the net asset value of regulated funds under administration as the highest to date with year on year growth of 14%.  Alternative asset classes recorded an annual increase of 26%, private equity funds by 41% and hedge funds values and real estate values increased by 18% and 11% respectively.
Geoff Cook, CEO of Jersey Finance attributed this as clear evidence that Jersey is providing an attractive proposition for fund promoters as a global hub for cross-border investment and as an expert jurisdiction for alternative fund servicing.
Nick Solt, MD at Moore Stephens Fund Services commented “This upward trend is reflected in our own organisation where we are seeing particular investor interest and growth in both the private equity and real estate sectors.”