Guernsey Funds Finish ’07 With A Flourish

Funds in Guernsey grew another £13.7bn (8.3%) in the final three months of 2007 despite continued market turbulence during the quarter.

That took the total value of funds under management and administration in Guernsey to another record high of £178.2bn at the end of December up £48bn (37%) during the year.

The most eye-catching results came in private equity asset class where values increased by £6bn (19%) during the quarter and 13.6bn (66%) year on year to reach £34bn at the end of 2007.

"This is an excellent set of results," said Peter Niven, Chief Executive of GuernseyFinance the promotional agency for the Islands finance industry.