Jersey offering attractive fund management platform
A strong and well-established platform for fund servicing is helping Jersey to grow an impressive fund management community, against a global backdrop of a growing focus on governance, substance and reputation.
That was a key message to emerge from the recent Jersey Finance Annual London Funds conference, held at the beginning of March. At the event, delegates were told that the current climate and shifts in international regulation are presenting Jersey with a number of opportunities.
In particular, panellists suggested that the impressive ratio of qualified directors to fund entities in Jersey, together with the jurisdiction’s focus on fintech and supportive fund servicing infrastructure are all helping to add to Jersey’s appeal as a centre for fund management, especially in light of the increasing complexity and growing reporting requirements presented by AIFMD and the action points raised under the OECD’s Base Erosion and Profit Shifting (BEPS) project.
Combined, those regulatory pressures are encouraging managers to reconsider their business models and this, speakers at the event suggested, provided Jersey with real opportunities to assert itself as a ‘substance’ jurisdiction, offering genuine asset management expertise.
It’s clear from this year’s conference that there is real confidence in Jersey’s alternative fund platform and as a result, we fully expect this inward management migratory trend to continue. This can only be a good thing as Jersey’s reputation as a global funds player continues to grow, and certainly Crestbridge is ready to meet this uptick thanks to its foresight to offer managers a range of innovative, flexible and supportive services.