Jersey has been named ‘Best Fund Administration Centre’ for the third consecutive year at the Investment Week Fund Services Awards, held last week.
Announced as the winner at a dinner ceremony on 7 October at the Marriott Grosvenor Hotel in London, as part of Investment Week’s Fund Management Summit, Jersey retained the award against stiff competition from Guernsey, Dublin and Luxembourg.
The Awards are designed to recognise those service providers and jurisdictions who can demonstrate knowledge and expertise to provide solutions for the fund management industry, with winners selected through a combination of online voting and a panel of judges from right across the fund management and servicing sectors.
Specifically in the category of ‘Best Fund Administration Centre,’ judges looked for the jurisdiction that offered superior administration support to the fund management industry including legal, accountancy, compliance, tax, and stock exchange listing services.
Geoff Cook, Chief Executive, Jersey Finance, commented:
“For Jersey’s fund administration services to be recognised by a leading investment publication such as Investment Week and against some heavyweight competition for the third year in a row is naturally welcome for our funds industry, which continues to perform strongly.
“The market has reacted well to Jersey’s approach to international regulation, in particular the EU AIFMD, whilst a focus on alternatives, including hedge, private equity and real estate, has seen those asset classes grow by around 15% year on year. In tandem, Jersey’s fund servicing landscape is being accompanied by a rapidly growing management environment, and this bodes extremely well for Jersey’s future as a specialist funds jurisdiction of substance.”