Jersey Funds: Themes And Issues 2019

On the investment strategy front, there has been a measured increase in the allocation to alternative investments, a long term decline in public equities and an increase in the availability of non-traditional sources of debt funding. In 2017 there were 942 companies listed on the London Stock Exchange’s Main Market, compared to 1890 companies in 1999. It has been reported that there were 23% US-listed public companies in 2016 than there were in 1976. Counter that with the rise of the “unicorns” – private companies valued at more than USD 1 billion. While traditional banking groups have pulled back from lending in light of increasing regulation, the space has been filled by alternative debt providers, including debt funds. Preqin predicts the private debt market will double in size by 2023. Preqin also reports that the alternative assets category will increase by 59% by 2023, with substantial majorities of investors consulted confirming they will increase allocations to