Figures showing a record high in the net asset value of funds under management in Jersey demonstrate that the industry continues to go from strength to strength, says Emily Haithwaite, a partner in Ogier's Jersey investment funds team.
Statistics released by Jersey Finance show that the NAV of funds under administration reached £259.6 billion at the end of 2016 – the highest number on record, and a 15% growth year-on-year.
The growth was fuelled by 12-month rises in infrastructure, credit and debt fund values of 48%, a 30% increase in the value of private equity fund values and 7% increase in real estate fund values over the course of the year.
Emily said: "The figures demonstrate very clearly that the Jersey funds sector continues to thrive – we attribute part of the growth to the Brexit effect, as managers seek established third-country options in the face of the uncertainty over the UK's position.
"The last 12 months have seen Jersey being endorsed for AIFMD passporting by ESMA and the launch of the new Jersey Private Fund regime. Both of those developments show not only the strength of Jersey's regulatory system, but also the willingness of the regulator to innovate and create new products to serve market demand."
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