Funds industry nearly doubles

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The total volume recorded takes into account permit holding and non-permit holding funds, both domiciled and serviced in the Island and domiciled elsewhere but serviced in Jersey.

It does not include Jersey Very Private Unit Trusts (JVPUT).

The Reuters-owned fund research and analysis organisation found that the largest asset classes were property and real estate funds, with total net assets of US$43.

billion, representing over 38% of the total domiciled fund assets; and private equity/venture capital funds (US$26.

billion, representing 23% of the total).

Mourant International Fund Administration is the largest administrator of all funds serviced in the Island, with US$58 billion assets under administration.

State Street (US$11.

billion) and Ogier Fund Administrators (US$10 billion) are second and third, with Bedell Trust and Standard Bank in fourth and fifth place.

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