Eco-system for Alternatives
For more than 50 years, Jersey has developed a well-respected funds sector. At the end of 2019, the total value of fund assets serviced in Jersey rose to reach a new record high of almost $500 billion.
There’s good reason for this success.
Sitting within Europe, not part of the UK or EU but with strong ties to both, Jersey is a stable, neutral centre, with robust regulatory and legislative regimes, decades of experience and one of the largest specialist workforces (around 14,000 professional) of any international finance centre.
In terms of market access, Jersey’s position means it can provide a straightforward solution for managers, no matter where they, their assets or their investors are based. In particular, Jersey can act as a gateway to Europe through tried and tested private placement regimes, whilst beyond Europe, managers from markets including the US, the Gulf region and Africa are looking to future-proof their funds through a jurisdiction that can offer long-term guarantees and optionality – and Jersey ticks these boxes.
Innovative
As a forward-thinking jurisdiction, Jersey continues to embrace innovation too. The Jersey Private Fund, for example - launched in 2017 - has proven incredibly popular, whilst with its structures and specialist expertise, Jersey is well positioned to play a key role as the sustainable finance agenda evolves, and to support Shariah- compliant structures.
With regulatory initiatives making cross-border investing more complex, and investors looking at alternatives as they seek diversification as well as returns, Jersey’s expertise looks set to become increasingly attractive amongst investors in the Gulf region.