Fiona Le Poidevin of Guernsey Finance explains why Guernsey is
a great place for funds in light of the implementation of
AIFMD.
Latest figures from Guernsey's financial services regulator,
the Guernsey Financial Services Commission (GFSC), show that it
approved 30 new investment funds during the fourth quarter of last
year, amid a total of 103 additions during 2013.
However, while asset values have proved sluggish, largely due to
external factors at play during 2013, the GFSC has been kept busy
with new fund applications. The 103 new funds launched are
investing across a wide range of asset classes and markets and
include two notable listed renewable energy funds, Bluefield Solar
Income Fund and The Renewables Infrastructure Group, with city
sources quoting the latter as the largest IPO of a clean energy
firm in London, with an initial raising of £300m in July
2013.
