Increased confidence in the Channel Islands' funds sector is
reflected in positive year-end figures from both Guernsey and
Jersey, says Ogier funds partner Simon Schilder.
The year-end figures for Guernsey funds under management and
administration increased by 1.2% to reach £2.7bn over the
fourth quarter of 2015 and £8.2bn (3.7%) year-on-year to
Jersey's statistics revealed a £7bn increase over the
quarter – though a £3bn loss year-on-year – to
£225.8bn in regulated funds under administration.
Simon Schilder said: "ESMA's positive recommendation of
Jersey and Guernsey for the extension of the marketing passport has
had an equally positive effect on both jurisdictions, at a time
when investment managers are very much looking to raising money
from traditional markets, given uncertainty elsewhere, particularly
given the marked slowdown in the Chinese economy."
He added: "While in 2016 the fund raising market is still
very much favouring established managers, we have begun to see some
new managers coming through again and successfully raising their
Recent figures released by the Guernsey Financial Services
Commission shows 27 new investment funds were approved during the
fourth quarter, with a total number of funds currently approved for
domiciling or servicing in Guernsey standing at 1,012.
In Jersey's fourth quarter, the total number of regulated
collective investment funds increased by nine to 1,320, and the
island also has 126 active unregulated funds.
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