Jersey Scoops Best Funds Center Award
by Jason Gorringe, Lowtax.net, London
15 October, 2015
Jersey has been named the "Best Fund Administration Centre" at Investment Week's Fund Services Awards.
This is the third year in a row that Jersey has received the award. Specifically in the category of "Best Fund Administration Centre," judges looked for the jurisdiction that offered superior administration support to the fund management industry including legal, accountancy, compliance, tax, and stock exchange listing services.
The Chief Executive of Jersey Finance, Geoff Cook, said: "For Jersey's fund administration services to be recognized by a leading investment publication such as Investment Week and against some heavyweight competition for the third year in a row is naturally welcome for our funds industry, which continues to perform strongly."
"The market has reacted well to Jersey's approach to international regulation, in particular the EU AIFMD, whilst a focus on alternatives, including hedge, private equity and real estate, has seen those asset classes grow by around 15 percent year on year. In tandem, Jersey's fund servicing landscape is being accompanied by a rapidly growing management environment, and this bodes extremely well for Jersey's future as a specialist funds jurisdiction of substance."
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