BlackRock tops Jersey-domiciled fund schemes

According to findings from research company Monterey Insight, BlackRock Financial Management has Jersey-based schemes with $16.1 billion (€15.1 billion) in assets. This is followed by CVC Capital Partners with $15.6 billion and ETF Securities with $13.6 billion in assets.

Fund assets serviced in Jersey reached $296.2 billion at the end of June 2015, down 3.2% from 2014. However, the number of serviced schemes increased to 1,120 and the total number of sub funds recorded also showed an increase at 1,559.

For fund administration services across both domiciled and non-domiciled funds, State Street remained at the top of the table with $50.2 billion in assets.

For both domiciled and non-domiciled funds, BNP Paribas maintain their first position as the largest custodian with $30.3 billion in assets.

“Jersey had a rather stable year in terms of total growth of assets, and actually showed a slight increase in the number of newly launched funds and new business coming to the Island,” says Karine Pacary, managing director of Monterey Insight.

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