Statistics from the Guernsey Financial Services Commission also showed that there were 25 new investment funds approved in the first quarter of 2015, while open-ended funds increased in value by £1.4bn to a total of £41.1bn.
Dominic Wheatley, chief executive of Guernsey Finance – the promotional agency for the island’s finance industry – said: “It is encouraging to see strong growth in the Guernsey funds sector at the start of this year – not only in terms of the net asset value of funds under management and administration but also in the number of new funds approved in the quarter.
Meanwhile, close-ended funds decreased by £0.9bn to reach £134.9bn in total while non-Guernsey schemes which has some aspect of their management administration or custody carried out in the island increased in value by £2.3bn to reach £46.2bn.
