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Jersey Private Fund Regime Welcomed In The UK

by Jason Gorringe, Lowtax.net, London
05 April, 2017

Jersey's newly launched private fund framework was welcomed by UK fund practitioners at the recent Jersey Finance Annual Funds Conference in London.

At the half-day event, which attracted almost 400 fund professionals, the new Jersey Private Fund regime was highlighted as one of the innovations giving the industry optimism in the future of the sector, despite the uncertainties posed by Brexit. According to Jersey Finance, the promotional agency for Jersey's financial services industry internationally, experts from London and Jersey welcomed the more streamlined and fast-track regime, under which funds for up to 50 investors can be established in 48 hours.

Opening the conference, Geoff Cook of Jersey Finance noted research that showed that asset managers are forecasting substantial increases in their allocation in alternatives, which he described as a further positive sign for Jersey, including 62 percent to private debt, 53 percent to infrastructure, and 48 percent to private equity.

He said: "We are well placed to benefit from the current uncertainties in the markets. Our market access arrangements with Europe continue, we are a sound, well governed, risk averse jurisdiction with enduring commercial links to London, which will appeal to international investors looking for stability and certainty."

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