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ARTICLE · 11 AUGUST 2014

Fund Managers Utilise Guernsey’s AIFMD Private Placement Regime

The UK remains a key market for Guernsey managers with 56 AIFs being marketed there.

GuernseyWealth Management

Figures from the Guernsey Financial Services Commission (GFSC) show that, as at 31 July 2014, a total of 34 Guernsey Alternative Investment Fund Managers (AIFMs) have utilised Guernsey's National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe.

The figures, which solely reflect marketing into Europe by Guernsey AIFMs and not that by European Economic Area (EEA) AIFMs, reveal that the 34 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into force. The UK remains a key market for Guernsey managers with 56 AIFs being marketed there.

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