Jersey fund servicing industry grows to £112.5bn

The industry reached US$225.9bn (£112.5bn) in 1,367 funds and subfunds, as at 30 June - up from $91bn (£59.7bn) at 30 June 2002. The research was published in the thirteenth annual edition of the Jersey Fund Encyclopaedia. Looking solely at funds domiciled on the Island, the largest asset classes are property/real estate funds (with total net assets of US$ 69.4bn, representing 41% of the total for domiciled funds’ assets) and private equity/venture capital funds ($33bn). The largest administrator of all funds serviced in Jersey is Mourant International Finance Administration, with $74....