And when he spoke at the event, Treasury Minister Philip Ozouf said that the Island authorities fully understood that the Island was one of numerous jurisdictions competing for new funds business.
About 300 professionals attended the Jersey Finance annual funds conference at the British Museum and about 200 of those were UK based.
The audience heard from a number of speakers that fund managers are increasingly considering relocating to Jersey.
Senator Ozouf said that the funds sector was now very much the third pillar of the Island’s financial services industry in its own right.
‘Jersey is open for new funds business and we understand that a range of issues including meeting the requirements of an increase in regulation, the availability of expertise and high service levels are among the factors that drive new business and the choice of jurisdiction,’ he said.
