ARTICLE
30 September 2016

Guernsey Funds Growth Could Continue, Says Ogier Lawyer As Total Value Approaches A Quarter Of A Trillion Pounds

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Funds figures that show the net value of funds under management and administration in Guernsey has reached nearly a quarter of a trillion pounds have been welcomed by Ogier investment funds specialist Bryon Rees.
Guernsey Wealth Management

Funds figures that show the net value of funds under management and administration in Guernsey has reached nearly a quarter of a trillion pounds have been welcomed by Ogier investment funds specialist Bryon Rees.

Statistics from the Guernsey Financial Services Commission show the 12-months leading up to June saw a 12.3% increase in the net asset value of all funds under management and administration to £247.1 billion.

Bryon said that a combination of factors and positive news, including some large launches and the birth of the manager-led product had all played their part in the healthy figures – adding that all the indications were that the growth now running for four consecutive quarters would continue.

He said: "We have seen increases across a range of activity including closed-ended and open-ended funds managed here, and non-Guernsey schemes.

"Again we're looking at a set of healthy figures reflecting confidence in the island, and that's what we'd expect to see after the positive ESMA passporting verdict."

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