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Private Equity Drives Value Of Jersey Funds Business To Record Levels

The value of regulated funds being administered in Jersey rose to a record level of almost £300 billion at the end of 2017 driven primarily by a rise in private equity business, according to the latest figures to be collated by the Jersey Financial Services Commission (JFSC) and published by Jersey Finance. In the final quarter of 2017, the total net asset value of regulated funds being serviced through Jersey rose by 10% over the quarter and by 12% year-on-year to stand at £291.1 billion (as at 31 December 2017), the highest value ever recorded. This growth was driven by the alternative...