Friday, 27 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…