Guernsey’s fund industry leaders revealed

Apax Partners, a private equity firm, is the largest fund promoter with funds serviced in Guernsey, a ranking of the island’s various asset management players reveals.

Apax has $39 billion (€35.4 billion) serviced in Guernsey and is followed by Partners Group and Cinven, with $22.7 billion and $20.9 billion respectively.

The research, by Monterey Insight, also shows that Guernsey saw a 2.5% drop in the amount of fund assets serviced over the past year. Assets serviced in the offshore domicile stand at $385.7 billion.

The number of serviced schemes increased to 990 from 979, though the total number of sub-funds fell to 1,317 in the same time period.

Northern Trust maintained its place as its largest administrator and custodian by total assets, with $61.9 billion and $18.5 billion respectively.

PricewaterhouseCoopers leads the list of auditors and audits 361 funds, just ahead of KPMG with 328 funds.

In the legal sector, offshore firms dominate. Carey Olsen provides legal services to 670 funds and ranked first. Mourant Ozannes came second with 238 funds, while Ogier trails by some way with 95 funds.

Of the new Guernsey schemes launched this year, the majority were private equity and venture capital funds, reinforcing the domicile’s reputation in this sector.

©2016 funds europe

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