A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from the Jersey Financial Services Commission.
The JFSC reports that, as at December 2017, 149 alternative investment fund managers had been authorised in Jersey to market into Europe through NPPRs – up 17 per cent on December 2016.
Over the same period, the total number of Jersey alternative investment funds being marketed into Europe through NPPRs also increased significantly to 291, representing a 15 per cent year-on-year increase.
In addition, the JFSC has authorised a total of 31 depositaries in Jersey under AIFMD – a seven per cent increase over the year.
Geoff Cook, CEO of Jersey Finance, said: "We're continuing to work together with the fund management communities both in and outside of the EU, so it's pleasing to see such a strong uptake of Jersey's tried-and-tested private placement regime.
"Five years on since AIFMD was introduced, it's a route that's proven to work, providing alternative managers with a clear, effective and future-proof means of accessing EU investor capital."