Jersey’s funds industry continues its sustained growth with a 9% increase in the value of regulated funds businesses serviced in the island in the final quarter of 2020. The latest results from the Jersey Financial Services Commission report the net asset value of regulated funds under administration in Jersey grew by £32.4bn annually to stand at £378.1bn.
Deloitte is Jersey’s largest fund auditor by total fund assets and is also one of Jersey’s largest auditors by total number of funds. Deloitte has had consistently strong growth over the last five years and our expertise spans debt funds, private equity, real estate and hedge funds.
Our team combines a depth of local knowledge with experience of delivering work across key jurisdictions for fund clients to provide practical, effective and insightful advice that cuts through the complexity of the global funds industry.
According to the Monterey Insight – Jersey Fund Report 2020, Deloitte leads the industry for new schemes (single schemes or umbrellas with their sub-funds) launched during 2020, as well as all-new serviced schemes and sub-funds launched during the year, including newly launched sub-funds of existing umbrellas.
As a leading jurisdiction for funds, Jersey demonstrates its excellence through a period of sustained growth and a 27% increase over the past five years.
Jersey’s growth in fund promoters from the UK and US in the last five years is impressive, with 116 new funds from the UK and 33 new funds from America launching in Jersey in 2020.
Jersey’s expertise in private equity funds is reflected in the total asset figures, with year-on-year growth since 2016, with over $24 billion increase in 2020. Real estate is Jersey’s second-largest asset class which also saw growth during the pandemic.