The funds industry in Jersey has almost doubled in five years, latest research from Lipper Fitzrovia has shown.
The research reveals that US$154.2bn (£83.4bn) in 1,159 funds and subfunds were serviced in Jersey, as at 30 June 2006, an increase of 94% over five years - up from US$79.6bn (£56.6bn) as at 30 June 2001. Looking solely at funds domiciled on the Island, the largest asset class is property/real estate funds, with total net assets of US$43.6bn, representing over 38% of the total for domiciled funds’ assets. Private equity/venture capital funds represents 23% of the total (US$26.5bn). The largest administrator of all funds serviced in Jersey is Mourant International Finance Administration, wi...
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