A survey in Legal Week, commissioned by law firm Bedell Cristin, ranks Jersey as the preferred jurisdiction among fund advisers for private equity and property funds and the second favourite, behind the Caymans, for hedge funds.
The survey canvassed the views of specialist fund advisers at some of the UK’s top law firms and in-house funds teams.
It was designed to assess the key factors which guided advisers in their choice of jurisdiction for three specific types of specialist offshore funds – property, hedge and private equity funds – and determined which jurisdiction they would recommend for each one.
More than two-thirds (68 per cent) of respondents ranked Jersey as the leading jurisdiction for private equity funds and 64 per cent said that they would recommend the Island as the best venue for property funds.
Legal Week say that the findings put Jersey in an ‘elite group of offshore jurisdictions with the qualities to attract funds work’.
