Funds professionals are anticipating growth in the real estate and private equity asset classes, according to Jersey Finance.
This optimism emerged from a poll conducted at Jersey Finance’s annual London Funds Conference.
Senior funds professionals were asked where they saw most growth coming from in the months ahead. A third indicated that real estate was the biggest growth area for them, with 27% seeing potential in private equity.
Attendees also said they thought most opportunities would come from outside of Europe, with 37% suggesting Asia was the most interesting growth market, closely followed by Africa and Latin America (26% each).
The conference, which attracted an audience of more than 400 lawyers, asset managers and other UK-based funds professionals, featured a keynote session from award-winning author and journalist Gillian Tett, who discussed global wealth inequality, and an interview with Martin Gilbert, Chief Executive of Aberdeen Asset Management.
Two panel sessions featured Jersey, UK and global funds and regulatory experts, including Tajinder Singh, deputy secretary general at International Organisation of Securities Commissions.
The CEO of Jersey Finance, Geoff Cook, said: “It is interesting that our audience shares our belief in the real estate and private equity market in particular. We are seeing a growing number of real estate funds being structured through Jersey, targeting major UK and continental European property assets, including recent examples involving prime sites in London and Paris. In addition, the largest ever real estate fund to be listed on the London Stock Exchange, the Kennedy Wilson Europe Real Estate fund, was structured through Jersey, with a capital raise of over £1 billion.”
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