Funds sector shows increases reflecting a stable year for Jersey’s Finance Industry

March 6, 2013

Jersey’s finance industry has reported a steady performance during 2012 with the size of the fund administration business increasing year on year.

The total net asset value of funds under administration stood at £192.8 billion at the end of the year, up from £189.5 billion in the three month period. The value of the funds business has risen overall during 2012 by just over £3 billion.

The latest statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending 31st December, 2012. Headline figures include:

•    The net asset value of funds under administration increased by £3.3bn from £189.5bn to £192.8bn during Q4 2012. The total number of regulated funds decreased by 4 from 1,392 to 1,388 over the same period. The total number of unregulated funds increased by 7 from 175 to 182 during the fourth quarter.

•    The value of total funds under investment management increased by £0.3bn from £20.9bn to £21.2bn during the fourth quarter of 2012.

•    The total number of live companies stood at 32,503 at the end of December 2012.

Geoff Cook, CEO of Jersey Finance

Geoff Cook commented:

“Jersey’s finance industry performance remained steady in the twelve months ending December 2012, and with the total net asset value of funds under administration increasing in the final quarter there are positive signs for the year ahead. The investment management sector is also showing stable business results.

"In the funds sector, the net asset value of specialist funds saw the biggest increase by £2.3bn, with the value of private equity funds growing by 2.2% and the value of hedge funds increasing by 2%. Jersey is also well on track with the implementation of the AIFMD regime and remains a first choice jurisdiction for fund managers and funds.’’