Jersey fund industry tops 17% growth as assets hit £373bn

Jersey's fund industry experienced a 17% growth last year, with fund assets serviced in the jurisdiction rising to $481.2bn (£372.69bn) at the end of June 2019, according to an independent fund research company. The number of serviced schemes increased to 1,336, up 4.5% and the total number of sub-funds recorded were also up to 1,807 which represents a 5% increase, according to the 25th annual Monterey Insight Jersey Fund Report. For fund administration services across both domiciled and non-domiciled funds, the report showed that Aztec Group maintained the largest market share for fu...