The value of funds administered in Jersey has increased to its highest level for four years, surpassing the £200bn barrier for the first time since March 2009, reports Jersey Finance.
On the funds side, Geoff Cook, CEO of Jersey Finance confirmed that the largest contribution to the increase for this sector came from the private equity and venture capital asset classes where a £4bn increase has been made, while hedge funds report an increase of £2.7bn. The total value of funds under investment management likewise increased over the first quarter of the year by £1.5bn - up from £21.2bn to £22.7bn. Nigel Strachan, Chairman of the Jersey Funds Association, said, “Particularly ahead of the introduction of the Alternative Investment Fund Managers Directive in July, it ...
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