Guernsey's fund industry is robust and continues to attract
business, according to research published by Lipper.
The 15th Guernsey Fund Encyclopaedia, which is put
together by the Thomson Reuters company, found that while the
Island's total industry assets fell by nearly 13% to US$289.4bn
to the end of June, the fund servicing industry itself rose by more
than 6% to reach 2,057 funds and sub-funds.
Non-domiciled funds also performed well, rising slightly to
reach $40bn, while private equity fund assets domiciled in the
Island increased to US$125.3bn.
Ed Moisson, directory of fiduciary operations at Lipper, said
the results were encouraging.
"With the rise in the number of funds of funds and the
increased assets for private equity funds, Guernsey certainly seems
to be able to continue attracting business even in these tougher
economic conditions," he said.
