Data from the Jersey Financial Services Commission (JFSC) shows that the number of Jersey-registered managers opting to market into the EU through NPPR rose 4% between July and December 2018, and by 13% compared to December 2017, to stand at 168.
Meanwhile, the total number of Jersey alternative funds being marketed into the EU through NPPR also increased to stand at 314, representing a 3% increase since June 2018 and an 8% rise year-on-year.
Joe Moynihan, chief executive of Jersey Finance, said these were strong figures which sustained a growth trajectory they had been seeing for some time.
‘We are now just weeks away from the UK’s departure from the EU and the clear evidence is that alternative managers are putting their faith in Jersey and opting for a regime that offers them market access certainty and a welcome degree of
flexibility, thereby enabling them to get on with generating returns for investors,’ he said.
