Forging Ahead:

Since Jersey introduced the Expert Fund Guide in February 2004 its status as a jurisdiction for alternative investment funds has grown, to the point where it now comes second only to the industry leader the Cayman Islands. Subsequent developments, including the Non-Domiciled Fund Guide, the Listed Fund Guide, recognition of the jurisdiction by the Dutch financial services regulator, and a push at government level to invite fund management businesses and family offices to relocate to the Island have enhanced this position. But Jersey is not resting on its laurels and significant developments are taking place in the legislative regime governing funds and their functionaries. Further radical proposals have just been approved which could result in Jersey claiming a leading position alongside Cayman.