Jersey fund sector up 150% in five years

Lipper research reveals the island’s fund servicing industry has grown to $225.9bn (£112.5bn) as of 30 June, from $91bn (£59.7bn) mid-way through 2002. The Jersey Fund Encyclopaedia showed property is the largest asset class, with 41% or $69.4bn net assets, while private equity has US$33bn. Mourant International Finance is the largest funds administrator, with $74.5bn under administration, followed by Bedell Trust Company ($26bn) and State Street ($15.4bn). BNP Paribas has the most assets under custody in Jersey, servicing $45.3bn assets, ahead of State Street with $14.2bn; while Pricewa...