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ARTICLE · 03 SEPTEMBER 2015

Alternative Funds Growth For Jersey As Private Placement Uptake Breaks 200 Barrier

In particular, the alternative asset classes grew 15% annually. Hedge fund business grew by 31% year-on-year, real estate funds business was up by 16% annually, and private equity maintained a steady yearly increase of 2%.

JerseyFinance and Banking

The number of Jersey funds marketing into Europe through national private placement regimes (NPPRs) under the EU Alternative Investment Fund Managers Directive (AIFMD) has broken through the 200 barrier (June 2015), underpinned by strong combined performances in Jersey's alternatives sector where net asset values under administration rose 15% on the previous year.

According to latest figures (June 2015) from the Jersey Financial Services Commission (JFSC), 205 Jersey funds are now being marketed into Europe through private placement regimes, an increase of 10% on December 2014, whilst 84 fund managers have now received private placement authorisation, up 40% over the previous six months.

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