London conference welcomes new funds regime

Tuesday 28 March 2017

Jersey's new private fund regime has been welcomed at a major industry conference in London.

Almost 400 fund professionals attended the Jersey Finance event, who say the new regime was highlighted as one of the innovations giving the industry optimism in the future of the sector, despite the uncertainties posed by Brexit.

Experts from London and Jersey welcomed the more streamlined and fast-track regime, under which funds for up to 50 investors could be established in 48 hours.

Opening the conference, Geoff Cook, CEO, Jersey Finance, flagged research by Preqin which showed that asset managers are forecasting substantial increases in their allocation in alternatives, a further positive sign for Jersey, including 62% to private debt, 53% to infrastructure and 48% to private equity (Preqin Investor Outlook: Alternative Assets H1 2017).

He said: “We are well placed to benefit from the current uncertainties in the markets. Our market access arrangements with Europe continue, we are a sound, well governed, risk averse jurisdiction with enduring commercial links to London, which will appeal to international investors looking for stability and certainty.