The Right Balance

Barney Lee of Appleby Guernsey talks to Mena Fund Manager about the continuing evolution of Guernsey's funds industry as recognition of its high value input from industry experts.

Guernsey, as a fund domicile, has three main strengths, and in some ways the first is a consequence of the second two:

1. Guernsey has an excellent reputation;
2. Guernsey is a pragmatic jurisdiction both in terms of regulation and otherwise; and
3. Guernsey is a domicile of quality both in terms of service providers and the type of managers doing business here.

In terms of reputation, this can be translated into maintaining just the right balance between those less-regulated jurisdictions and a jurisdiction that has a far higher regulatory burden, such as Luxembourg. The consequence of this is that Guernsey is often seen as the model which is a compromise between two ends of the scale. Often, European investors, particularly institutional investors, want a regulated environment and