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ARTICLE · 09 DECEMBER 2014

Jersey Finance Questions ALFI Onshoring Claims

Jersey Finance and the Jersey Funds Association have disproved ALFI claims that the Channel Islands are "not faring very well" in a post-AIFMD climate.

JerseyFinance and Banking

Responding to a recently published report commissioned by the Association of the Luxembourg Fund Industry (ALFI), Jersey Finance and the Jersey Funds Association have disproved ALFI claims that the Channel Islands are "not faring very well" in a post-AIFMD climate, with current data showing Jersey has never been more popular for alternative funds.

Geoff Cook, CEO, Jersey Finance, said:

"The recently commissioned report appears to base its findings on historic data from 2010 to 2013, a period of pre-AIFMD uncertainty before future third country marketing routes into the EU were confirmed, and on 'estimates' of the consultant mandated to prepare the report. In fact, official figures since the AIFMD was implemented in July 2013, tell a very different story to that put forward by ALFI.

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