Monday, 30 March 2015
Last updated 5 hours ago
Dec 30 2009 | 11:25am ET
The Channel Island of Jersey is one of the top offshore hedge fund domiciles in the world, but despite the industry’s turnaround in the third quarter, Jersey’s fund administration business took a tumble.
The net asset value of Jersey-administered funds dropped by 17.7% in the third quarter to £163 billion. It’s the lowest quarterly figure for fund administration on the island more than three years.
Jersey Finance blamed the decline on a move by a single company, which chose “to restructure certain functions carried out in relation to its funds.”
“This is not reflective of Jersey’s strong fund offering and has no effect on levels of employment nor on the profitability of our funds business,” it said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
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