Q4 statistics for Guernsey funds show another good year

Justin Hallett , Executive Director |
Simon Hodgson , Audit Director |

07 March 2019

New figures from the Guernsey Financial Services Commission reporting on the fourth quarter (ended 31 December 2018) reflect an increase in the net asset value of funds under management and administration (“AUM”) in Guernsey, which now stand at £281.7 billion.

Justin Hallett, an executive director of BDO in Guernsey, commented: “The results for the quarter are positive with 27 new funds being approved along with 23 new licensees. There has been £1.5 billion of AUM growth in the quarter and Guernsey’s well established closed ended sector continues to prosper”.

“When comparing year on year to 2017, there are some significant positives to draw out. The AUM has increased by over £11 billion during the year, ending at £281.7 billion which is the highest AUM since 2013. In addition, Guernsey’s fast track private investment fund regime has shown positive growth with more than a 200% increase in number of such funds over the year.”

“Guernsey continues to be a well recognised domicile for private equity fund structures with AUM reaching £124 billon during the quarter, the highest ever recorded. Private equity now represents approximately two thirds of the closed ended fund AUM.

“With Brexit (or not) just around the corner, these results continue to demonstrate Guernsey’s global recognition for its stability, pragmatic regulation and demonstrable substance in times of global uncertainty”.

For a full overview of growth statistics visit: https://www.gfsc.gg/industry-sectors/investment/statistics