Positive Q3 for Jersey Finance 08 December 2014Jersey Reporter: Stephanie Palmer
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Jersey Finance has reported a five-year high in regulated fund figures, amid a generally positive Q3 report.
Net asset value of regulated funds increased by £5 billion from Q2 to Q3 2014, and increased by 5.5 percent compared to Q3 2013. These funds reached a total of £205 billion, the highest figure since March 2009.
Private equity and real estate funds both rose by 4 percent during Q3 2014, however the value of total investment management funds decreased by half-a-billion to 21.3 billion during the same time period.
The total number of regulated collective investment funds increased from 1,283 to 1,304, and at the end of Q3, there were 204 unregulated funds, of which 133 were active.
Geoff Cook, chief executive of Jersey Finance, said: “Overall these figures highlight good performance from our finance industry sectors. Jersey’s funds sector is doing particularly well and the private placement route into the EU remains a very attractive option for Fund Managers based outside the EU.”
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