Jersey sees fund AuA growth driven by alternatives

Jersey’s fund administration industry saw the assets it administrates rise to a record level at the end of 2016, figures just released show.

Assets under administration (AuA) were £260 billion, an increase of 15% over the year, according to the local funds association quoting official figures.

Growth was driven by alternative asset classes, which make up almost three quarters of the island’s funds under administration.

‘Specialist’ funds – including infrastructure, credit and debt funds –   grew assets by 48%; private equity by a third, and real estate fund values rose by 7%.

Hedge funds values “remained steady”, said the Jersey Funds Association, with assets of £52.4 billion.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST