Jersey launches 26 unregulated funds so far

Robert Kirkby, technical director of Jersey Finance, said it is a solid start for the unregulated regime, despite challenging market conditions. “Considering that the number of fund launches generally has slowed, the industry is encouraged by such a promising start. We are seeing significant interest in the new regime and law firms on the island have reported a surge of enquiries about the new rules.” Types of fund launched include cell company structures for multi-strategy funds, plus private equity. Furthermore, a number of real estate funds have launched to raise finance for property a...