Jersey: Jersey As A Funds Jurisdiction Continues To Strengthen And Grow Says Ogier Partner Matthew Shaxson
Last Updated: 28 August 2015

The Jersey Financial Services Commission's figures for the second quarter of this year consolidate the positive position for the Jersey funds industry shown in the first quarter figures, says funds specialist Matthew Shaxson.

The Ogier partner said: "Notwithstanding challenging geopolitical and currency exchange rate conditions over the last quarter, the NAVs of regulated funds administered in Jersey remained at the third highest level since 2009 and are 9% higher than last year."

Private equity and real estate funds in particular showed year-on-year growth of 15% - demonstrating the continuing confidence in these sectors and Jersey as a funds jurisdiction.

Matthew Shaxson added: "The Ogier funds team has enjoyed a strong 2015 to date across a variety of structures. With the recent positive announcement from ESMA that it saw no obstacles to the AIFMD marketing passport being extended to Jersey we are confident that Jersey funds industry will grow stronger in the coming quarters."

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