Jersey's Finance Industry Reports Stable Performance in Third Quarter
The most recent figures on the performance of Jersey’s Finance Industry point once more to a stable picture, with funds business up on the previous quarter.
The statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending 30th September 2012. Headline figures across all sectors of the industry include:
Heather Bestwick commented:
“We have seen a stable performance for the finance industry during the third quarter of 2012. The funds sector continues to do well with the number of funds growing by 12 during the third quarter of 2012. Specialist funds such as hedge, private equity and real estate represented 70% of the total net asset value of funds under administration at the end of the third quarter demonstrating that Jersey’s expertise in these asset classes is widely recognised and reflecting the confidence fund professionals continue to have in Jersey ahead of the introduction of the AIFM Directive.
“In these volatile times international investors are looking for stability, a secure finance environment, innovation in products and a quality service offering and Jersey continues to provide such a combination, which is helping us maintain our appeal to international investors.”