News release 6th July 2009

Jersey trust audience told the worst is behind them

Last week over 70 of the Island's finance professionals were advised that the worst of the economic and banking crisis is behind them.

At the Spearpoint and Voisin Seminar ‘Managing Risk in Turbulent Times’, held at The Club and Spa, they were addressed by Nigel Pearmain from Voisin, Enhance Investments' Richard Sayers and Kevin Boscher from Spearpoint.

Kevin Boscher delivered a captivating presentation where he predicted positive growth ahead and stated that the UK was through the worst of the financial crisis. He also encouraged Investment Managers not to adhere to the ‘Buy and Hold’ strategy but to be active and dynamic in their investments.

Kevin Boscher, Chief Investment Officer, Spearpoint, said:

‘The Armageddon scenario has slowly unwound since early March. Equities have recovered strongly, government bond yields have risen, mortgage rates have risen, commodity markets have rallied and credit spreads have
fallen. Although the market environment remains very challenging, many of these factors indicate that we are at least back to levels of last September, which is pre-collapse, so we are now able to spread a more positive message.’

Richard Sayers, who was the guest speaker from Enhance Investments, presented the key topic of ‘Investment Oversight’. He highlighted the importance of following prudent investment practices and addressed questions of investment monitoring. He also discussed how the recent economic crisis is not unprecedented.

Nigel Pearmain, Voisin, delivered an informative presentation on ‘Trustees’ Investment Powers & Duties’. He spoke to the delegates about the high
standards that are expected of professional trustees and governed by Jersey law. Nigel Pearman, Partner, Voisin, concluded: ‘that more than
ever it was of importance to trustees and beneficiaries alike that expert advice is taken upon investment activity and oversight.’

All three speakers stayed to answer questions from delegates and discuss the issues raised. The event attracted a great deal of debate and significant comment.

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Issued by Natasha Egré, OTL PR, Tel: 01534 725521, email: