Jersey Named Best Fund Administration Center
by Jason Gorringe, Lowtax.net, London
02 October, 2014
For the second consecutive year, Jersey has been named Best Fund Administration Center by investment management publication Investment Week.
The award recognizes a jurisdiction's "knowledge, drive, and expertise" in the fund management sector. It is awarded on the basis of online votes and the opinion of independent judges. Luxembourg and Dublin were shortlisted.
Geoff Cook, the Chief Executive Officer of Jersey Finance Limited, said: "For Jersey's fund administration services to be recognized not only by a leading and long established investment publication like Investment Week but also against some heavyweight EU competition for the second year in a row is naturally extremely welcome for our funds industry, which continues to perform strongly."
"The market has reacted well to Jersey's approach to international regulation, whilst fund creation volumes and net asset values are growing. This, backed up by this latest accolade, which was awarded at a ceremony attended by London's leading investment professionals including many of the UK's major fund service providers, is extremely encouraging for our funds industry."
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