100th Jersey Private Fund registered

Posted: 05/03/2018

Geoff Cook Jersey Finance 30/1/15The Jersey Financial Services Commission has reported sustained uptake in the Jersey Private Fund (JPF), with 100 structures formed less than a year since its launch. The commission registered the 100th JPF on 2 March.

As the latest addition to Jersey's suite of fund structuring options, the JPF was introduced to provide institutional and professional investors with a more streamlined regime under which funds for up to 50 investors could be established in as little as 48 hours.

Geoff Cook (pictured), CEO of Jersey Finance, commented: "Our reputation as a specialist funds centre is based on our ability to provide speed to market and expertise, as well as appropriate regulatory oversight.

"The clear evidence is that the prospect of 48-hour authorisation for funds with up to 50 investors is playing out well among fund managers."

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