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Jersey fund assets up

26 Oct 11

Fund assets serviced in Jersey grew by 20% in the 12 months ending June 30, according to Lipper.

Fund assets serviced in Jersey grew by 20% in the 12 months ending June 30, according to Lipper.

Assets rose from $232bn to $277.8bn during the period – marking the first increase since 2008, when assets hit their previous high of $270.3bn.

Growth came primarily from private equity and real estate, the report found. Private equity funds account for some $54.7bn of Jersey-domiciled assets, with property funds on $45.1bn. Exchange traded funds also form a significant share, with provider ETF Securities alone accounting for $25.6bn.

The number of funds and sub-funds serviced in Jersey stands at 1,486, Lipper said, of which 1,157 are domiciled there. The largest fund servicing company operating on the island is State Street, with Bedell Fund Services and R&H Fund Services in second and third places.

Administrator Net assets ($bn)
State Street 77.8
Bedell Fund Services 28.5
R&H Fund Services 28.4
Aztec Group 20.2
Saltgate 18.6

The report also found that PricewaterhouseCoopers, Mourant Ozannes and BNP Paribas are respectively the biggest auditor, legal adviser and custodian companies for funds in Jersey.

Tags: Jersey | Lipper

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.