Originally published in
Corp INTL, July 2011.
Stephen Cuddihee, Managing Director of Praxis Fund
Services, looks at why Guernsey is an attractive jurisdiction for
establishing property and private equity funds.
While the global recession continues to create uncertainty in
international markets Guernsey has been working hard to maintain
its position as a leading offshore jurisdiction for private equity
and property funds. If the results of two recent surveys are
anything to go by this strategy seems to be working. Data from the
London Stock Exchange shows that there are more Guernsey companies
and securities listed on its markets than from any other competing
jurisdiction and many of these companies are property focused. In
addition a recent survey from Private Equity News / State Street
showed that 61% of Chief Financial Officers of private equity firms
prefer Guernsey as their destination of choice for private
equity.
