The appetite for liquidity in troubled and uncertain global
markets is leading to an interesting trend that we are seeing in
our Jersey funds practice. Enquiries for new fund establishments
over the past 6-9 months are spread across multiple asset classes,
from RE to PE and financial instruments to film finance. They are
not restricted by the scale of the investment – our
experience since September has been with funds ranging from
£10 million to £1 billion in commitments – and
they are marketed to investors both inside and outside the EU. The
common feature amongst these new fund structures is that a large
proportion are to be established as open-ended investment
funds.
This new trend is something that is worthy of exploration
further in a funds market that has traditionally been focused on RE
and PE investments via closed-ended fund vehicles. Uncertainty
about the spread and scale of the impact of coronavirus is
undoubtedly one of the causes, but we first picked up
