Jersey Figures Make Clear That Private Placement Is Effective Route For Marketing Funds Into The EU

The number of Jersey-registered fund managers marketing into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD) continued to rise during 2016, according to the latest figures from Jersey's regulator the Jersey Financial Services Commission (JFSC).

As at December 2016, 127 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up more than one fifth (22%) compared to December 2015, clearly highlighting that the use of private placement continues to work well as a means of marketing funds into the EU.

Over the same period, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased significantly to stand at 254, representing a 10% year-on-year increase.