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ARTICLE · 01 AUGUST 2007

Double Boost

In the past few weeks Guernsey’s fund industry has received two major boosts: the value of funds under management and administration in the Island reached a new high of more than £140bn; and Citco, one of the leading providers of hedge fund services in the world, announced that it is to start operating out of Guernsey.

GuernseyWealth Management

Originally Published in Investor Services Journal, July 2007

In the past few weeks Guernsey’s fund industry has received two major boosts: the value of funds under management and administration in the Island reached a new high of more than £140bn; and Citco, one of the leading providers of hedge fund services in the world, announced that it is to start operating out of Guernsey.

Citco Fund Services has been licensed by the Guernsey Financial Services Commission (GFSC) to provide fund administration in the Island. Citco has over 30 years experience in hedge fund administration and currently administers more than 2,000 funds with net assets in excess of $500bn, including five of the world’s ten largest hedge funds.

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