The fact that 100 Jersey Private Funds (JPFs) have been
established in just 12 months since the structure came to market
demonstrates that its regulatory focus on promoters is proving very
popular, says Ogier counsel Sophie Reguengo.
Sophie, a member of Ogier's Jersey Investment Funds team,
says that the combination of Jersey's market-leading reputation
for quality regulation and the regulatory focus on the promoter not
the fund itself has led to the new model taking off.
The latest figures for the end of 2017 demonstrate the
Island's growing appeal as a funds domicile – the net
asset value of funds under administration had grown to £291
million, a rise of 9.8% in 12 months.
The JPF caters for pools of up to 50 investors, with an
appointed Designated Service Provider (which must be a Jersey
Financial Services Commission-regulated entity subject to routine
supervisory visits) and can receive full regulatory approval within
48 hours.
