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ARTICLE · 25 OCTOBER 2010

Guernsey’s Funds Industry Shows Resilience, Says Lipper

Guernsey’s funds industry has shown resilience despite adverse market conditions, according to Lipper’s latest Guernsey Fund Encyclopaedia.

GuernseyWealth Management

Guernsey's funds industry has shown resilience despite adverse market conditions, according to Lipper's latest Guernsey Fund Encyclopaedia.

The 16th annual analysis of the island's fund sector, which is put together by Thomson Reuters, has revealed that Guernsey's fund servicing industry fell by less than 4% to stand at $278.7bn at the end of June, with the total number of funds and sub-funds standing at 1,949 – down from 2,057 a year earlier.

However, non-domiciled funds serviced in Guernsey rose by just over $2bn in the last year to reach $42.3bn.

Private equity and venture capital funds now account for 47% of assets domiciled in the Island at $110.9bn.

Ed Moisson, head of UK and cross-border research at Lipper said the figures showed Guernsey was performing well.

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