Jersey's fund servicing industry has grown by 160% over the last five years, according to Lipper figures.
The 14th annual edition of the fund ratings firm’s Jersey Fund Encyclopaedia reveals that the total value of the island’s fund servicing industry had risen to US$270.3bn at 30 June this year, from US$102.3bn at 30 June 2003.
The encyclopaedia also shows that, of funds domiciled on the island, real estate funds represented the largest asset class with US$64bn net assets – 35% of the total Jersey-domiciled funds.
Mourant International Finance Administration is the largest administrator of funds, with US$86bn assets held in Jersey, while Mourant du Feu & Jeune is the largest legal advice firm, advising 1,158 funds. PricewaterhouseCoopers is the auditor for 741 funds.
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