Select a region
The number of Jersey Private Funds has increased by 25% in six months, according to new figures from the Jersey Financial Services Commission.
The number of JPFs - a structure introduced in 2017 to cater specifically for the needs of small groups of sophisticated investors - reached 257 by 30 June 2019, up from 205 at the end of 2018, with assets under management of £43 billion.
Elliot Refson, Business Development Director - Funds at Jersey Finance, unveiled the figures at Jersey Finance’s London showcase, saying they highlight "the success of Jersey’s government, regulator and industry working together to create the best possible environment for attracting innovative, quality funds business."
Joe Moynihan, CEO of Jersey Finance, described Jersey as positioned perfectly to act as a quality filter to manage international financial flows: “As investors look for stable IFCs that offer specialist expertise, Jersey can be a voice of reason among the noise, ready to support investor ambitions."
Pictured: Jersey Finance's CEO described Jersey as "a voice of reason among the noise, ready to support investor ambitions."
At the event, Mr Moynihan said Jersey has become a clear choice for socially responsible investing (SRI) and especially impact investing, with already more than 30 SRI funds under administration in Jersey and assets valued at US$7.4 billion.
He also highlighted Jersey’s increasing global footprint pointing to the fact that Jersey has become the first IFC to be permitted to open an office in the Dubai International Finance Centre last year.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.