The value of regulated funds administered in Jersey rose to a record level of almost £300bn at the end of 2017, driven primarily by a rise in private equity business.
According to the latest figures collated by the Jersey Financial Services Commission, and published by Jersey Finance, in the final quarter the total net asset value of regulated funds serviced through Jersey rose by 10 per cent over the quarter and by 12 per cent year-on-year, to stand at £291.1bn at 31 December 2017. This is the highest value ever recorded.
The growth was driven by the alternative asset classes, which increased annually by 13 per cent to represent more than three quarters (77 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 £82.7bn – the second consecutive year private equity has risen by that level.
Hedge fund values increased by six per cent to £50.7bn, real estate rose two per cent to £37.5bn, and the combined total of infrastructure, credit and debt funds rose by seven per cent to stand at £50.6bn.
• The full set of quarterly statistics is available here