Guernsey's financial services regulator approved 18 new
investment funds during the second quarter of 2015, resulting in a
total of 112 additions for the year ending 30 June 2015.
Figures from the Guernsey Financial Services Commission (GFSC)
also show that the net asset value of all funds under management
and administration in Guernsey fell by £2.3 billion (-1%)
during the second quarter to £219.9 billion. The value of
deposits held by banks in Guernsey increased by £0.2 billion
(0.2%) during the same period to reach £83.6 billion;
representing a rise of £6.1 billion (8%) year-on-year.
Dominic Wheatley, Chief Executive of Guernsey Finance, said:
"The number of new approvals over the past 12 months shows
that Guernsey remains an attractive destination for funds. This is
particularly the case when considered alongside recent
announcements which include Guernsey extending market access to EU
Alternative Investment Fund Managers (AIFMs) and Alternative
Investment
