Guernsey gains fund numbers but assets decrease

Guernsey saw its position in the international fund management sector increased by 14% over the year to 30th June 2001, according to the latest research by Fitzrovia International, however, the assets under management have decreased because of pressured international investment conditions. Published in its seventh comprehensive analysis of the Channel Islands fund management industry, Fitzrovia says figures show the number of funds grew from 783 to 894 funds, despite the difficult global investment conditions which contributed to fund assets decreasing slightly over the year. Guernse...