Rise In Total Funds Value For Q1 Demonstrates Healthy Picture In Guernsey

O
Ogier

Contributor

Ogier  logo
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.
Statistics from the Guernsey Financial Services Commission for the first quarter of 2016 show that the net asset value of funds under management and administration in Guernsey grew by £10.4 bn – an increase of 4.6 per cent.
Guernsey Wealth Management

Statistics from the Guernsey Financial Services Commission for the first quarter of 2016 show that the net asset value of funds under management and administration in Guernsey grew by £10.4 bn – an increase of 4.6 per cent.

At the end of March 2016, the net asset value of all funds under management and administration in the Island stood at £238bn – a healthy increase of £15.8bn (7.1 per cent) over the last 12 months.

The value of Guernsey closed-ended funds increased by £9bn (6.4 per cent) to £149.6bn during the quarter. The value of Guernsey open-ended funds also increased in value, by £1.4bn (3.6 per cent) to £40.4bn during the first quarter.

Bryon Rees, partner at Ogier's top-ranked funds team, welcomed the positive figures, saying: "It is pleasing that the recent trend of an increase in the value of funds under management has continued this quarter.

"We continue to see positive sentiment towards Guernsey and new funds coming to market.

"We also see continued interest in the migration of funds established elsewhere into Guernsey – yet another positive endorsement for the jurisdiction."

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More