Icorserv was pleased to see that Guernsey has been recognised in the 2018 Investment Week awards as the Best Centre for Fund Administration for the second year in a row.
The jurisdiction faced stiff competition from Luxembourg, Dublin, Cayman and others, but the judges considered that Guernsey offered a wide range of administration support for the fund management industry on an international basis.
Key to the Island’s success were examples of innovation, new financial products and technology including the Guernsey Green Fund and blockchain solutions for private equity.
Recent statistics released by the Guernsey Financial Services Commission show increases in the net asset value of Guernsey-domiciled funds under management and administration across both open and closed ended fund sectors. In addition there was a significant increase in the value of funds for which management or administration is carried out on the Island, although the fund itself is domiciled elsewhere.