Article by Stuart Mauger
Originally published in HFM Week, Guernsey Special Report, May 2012
Stuart Mauger of RBC Wealth Management explains how
Guernsey has adapted to changes in the economic
climate.
There has been no shortage of events rocking the Guernsey
custody world over the years – the birth of Ucits, the
spectacular growth of fund of hedge funds in the early noughties
and levelling off with the market volatility of 2007-08, the
impending Alternative Investment Fund Managers Directive (AIFMD)
and the current dominance of private equity as an asset class.
These opportunities, challenges and threats have battered
Guernsey's rugged, but beautiful coastline, yet the island
still continues to go from strength to strength.
