Jersey - A Credible Option For Fund Managers

Simon Hopwood and Stephanie Edge speak to global hedge fund industry organisation, the Alternative Investment Management Association ("AIMA") on the options that Jersey presents for fund managers.

Introduction

Despite the current challenges facing the financial services industry, the Jersey funds industry remains resilient with a positive future outlook, presenting fund managers with an alternative jurisdiction to establish a manager or investment manager, or to domicile a fund.

Jersey's total funds business is up 13.8% year on year, with regulated fund's net assets standing at £301.7 billion.¹ Alternative investment funds ("AIF") represent over 81.3% of all Jersey funds, with hedge representing 18.3%.² The number of Jersey-based fund promoters has nearly doubled in the last five years.³ There has also been a 14% annual increase in fund managers seeking authorisation in Jersey to market their funds within the EU.⁴