Growth in alternatives drives Jersey funds business to record high

Posted: 19/05/2017

JerseyFinanceQreportThe value of funds being administered in Jersey rose to a record level at the end of 2016, according to the latest figures from Jersey Finance.

In the final quarter of 2016, the total value of funds serviced through Jersey rose by 15 per cent over the year to stand at £260bn (US$335bn), the highest value ever recorded. 

This growth was driven by the alternative asset classes, which increased annually by the same proportion to £189.2bn (US$243.8bn), representing almost three quarters (73 per cent) of Jersey’s total funds activity.

Within the alternative asset classes, private equity fund values performed particularly strongly, rising by almost a third year-on-year (30 per cent) to stand at £59.7bn (US$77bn), whilst there was a significant jump in the combined total of specialist funds including infrastructure, credit and debt funds (48 per cent). 

Real estate fund values also rose by seven per cent during the course of the year, while hedge fund values remained steady, ending the year at £52.4bn. (US$67.5bn).

Commenting on the figures, Jersey Finance CEO Geoff Cook said: “These are clearly very encouraging figure for 2016, and support the view that, in an uncertain market, Jersey is an attractive, stable and effective platform for alternative fund managers.”

To view the full set of quarterly statistics click here

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