Guernsey – A Global Powerhouse For Funds

This article was originally published in Corporate INTL, July 2010

The recent storms that have rocked the financial sector have left many international finance centres bruised and battered with question marks over their continued viability in the face of tightening global regulation.

All economies have suffered but some have fared better than others, with Guernsey as a prominent example of a steady rock that the storm has largely broken against.

The fund industry in Guernsey is a good example of its enduring success, with an initial fall in funds under management in Guernsey-domiciled funds continuing through 2008 and 2009, but picking up in 2010 as the global economy brightened up.