Figures issued on 1st September 2011 show that the
value of investment fund business in Guernsey grew by £10.8
billion (4.1%) during the second quarter of this year.
The increase represents the eighth consecutive quarter of growth
and takes the net asset value of funds under management and
administration in the Island to a new record high of £274.5
billion at the end of June 2011. This is a rise of £50.2
billion (22.5%) compared to the end of June 2010.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry
internationally, said: "These latest figures show very clearly
that Guernsey remains the pre-eminent jurisdiction for fund
promoters and managers to use for their investment structures. The
last two years have seen our popularity increase in all areas of
the fund business and in the last quarter the growth in the closed
ended sector is particularly stunning. We continue to provide a
comprehensive menu of
