Guernsey - Ready To Go

Originally published in Investor Services Journal, Volume 5 No. 33

Writing in Investor Services Journal (ISJ) earlier this year I commented how Guernsey's funds industry was continuing its strong performance despite the changed global economic scene with the sub-prime crisis and its fallout. I was confident that the Island was well placed to continue in such a vain, although only time would tell.

Six months later and performance remains robust despite the difficult market conditions created by the credit crunch. The latest figures from the Guernsey Financial Services Commission (GFSC) show that overall funds business reached a record £207.2bn at the end of June – up £3.4bn (1.7%) over the second quarter of the year and up by £51.6bn (33.2%) from the same time in 2007.