Guernsey's Funds Industry Review

Members of BDO Guernsey's funds and asset management team discuss their views of industry performance in 2016 and look ahead to the key items on the business agenda for 2017.

How would you describe activity in Guernsey's funds industry over 2016?

"Brexit and the US Presidential elections were unexpected events which somewhat steadied activity however a distinct appetite for funds has remained," said Justin Hallett, a Director of BDO in Guernsey.

"Back in January, the lurking EU referendum saw investors and fund managers applying caution and potentially holding off on new launches. Following the vote, we saw an increase in new funds and new fund managers choosing to move to Guernsey. Overall it's still a cautious environment but funds remain in demand as cash returns are low to nil."