Findings from the recently published 25th edition of Monterey Insight's Guernsey Fund Report show that fund assets serviced in Guernsey increased to US$412 billion at the end of June 2019, up 3.2 percent compared to 2018.

The number of serviced schemes stood at 1,065 and the total number of sub-funds reached 1,289 (slightly down from the previous year with 1,077 and 1,363 respectively in 2018).

For fund administration services across both domiciled and non-domiciled funds, as has been the case for a number of years, Northern Trust remains the largest by total net assets of $65 billion and by number of sub-funds (185).

Aztec Group rose from fourth position in 2018 to second this year with $50.7 billion of assets, followed by Apex Fund Services who rank third with $44.2 billion.

Northern Trust also maintains its lead position for custody and transfer agency services respectively with $25.7 billion and $56.6 billion. BNP Paribas Securities Services preserved its second position in the custody table of serviced funds with $10.7 billion ahead of Kleinwort Hambros on $6.4 billion.

Dave Sauvarin, chief executive of Northern Trust Channel Islands said:

"We are pleased to be recognized once again as Guernsey's largest administrator, custodian and transfer agent. This reflects our deep experience, broad scope of services and flexible approach to supporting fund managers' specific requirements.

"Guernsey maintains its strength as a global launch pad for investment funds, particularly with regard to alternative assets, which are growing in prominence in the world's financial markets.

"As we enter 2020 we believe asset managers will continue to see Guernsey as offering stability, security, sustainability and substance for their funds."

Among the transfer agents, Apex Fund Services holds on to second position with $44.2 billion and Aztec Group Partners climbs to third position with a total of $43.9 billion

The ranking for auditors was unchanged this year, as has been the case for a number of years, says Monterey Insight. PwC maintains its leading position auditing 355 funds and sub-funds, ahead of KPMG with 261 funds and sub-funds and EY ranked in third position.[PARA]

The positions in the ranking table are reversed for the auditors ranking by assets: KPMG leads with $132.9 billion followed by PwC in second position with $111.0 billion and Deloitte is in third position.

Among legal advisors, the ranking remains the same as last year, Carey Olsen keeps its lead offering legal advice to 798 funds, followed in second place by Mourant with 157 funds and Ogier in third position.

On the market share ranking of assets, Carey Olsen also takes the top spot with $307.0 billion ahead of Mourant.

Among fund managers, the largest promoter/initiator of funds serviced in Guernsey is Apax Partners with $37.2 billion. Cinven climbed to the second position with $26.3 billion, followed by Permira $19.9 billion.

Although overall the number of group and funds slightly decrease, 94 funds and sub-funds domiciled in Guernsey were launched during the year accounting for $26.3 billion in assets. Of these products, 49 sub-funds were private equity/venture capital with a total net asset of $17.3 billion representing 65.8 percent in assets of the newly launched product.

Overall (for domiciled and non-domiciled funds), the most popular product remained private equities funds accounting for $242.3 billion followed in second position by infrastructure funds with $43.5 billion. This brings the total for private equity schemes (including infrastructure) to $285.8 billion which represents a 10.3 percent increase compared with 2018.

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Findings from the recently published 25th edition of Monterey Insight's Guernsey Fund Report show that fund assets serviced in Guernsey increased to US$412 billion at the end of June 2019, up 3.2 percent compared to 2018.

The number of serviced schemes stood at 1,065 and the total number of sub-funds reached 1,289 (slightly down from the previous year with 1,077 and 1,363 respectively in 2018).

For fund administration services across both domiciled and non-domiciled funds, as has been the case for a number of years, Northern Trust remains the largest by total net assets of $65 billion and by number of sub-funds (185).

Aztec Group rose from fourth position in 2018 to second this year with $50.7 billion of assets, followed by Apex Fund Services who rank third with $44.2 billion.

Northern Trust also maintains its lead position for custody and transfer agency services respectively with $25.7 billion and $56.6 billion. BNP Paribas Securities Services preserved its second position in the custody table of serviced funds with $10.7 billion ahead of Kleinwort Hambros on $6.4 billion.

Dave Sauvarin, chief executive of Northern Trust Channel Islands said:

"We are pleased to be recognized once again as Guernsey's largest administrator, custodian and transfer agent. This reflects our deep experience, broad scope of services and flexible approach to supporting fund managers' specific requirements.

"Guernsey maintains its strength as a global launch pad for investment funds, particularly with regard to alternative assets, which are growing in prominence in the world's financial markets.

"As we enter 2020 we believe asset managers will continue to see Guernsey as offering stability, security, sustainability and substance for their funds."

Among the transfer agents, Apex Fund Services holds on to second position with $44.2 billion and Aztec Group Partners climbs to third position with a total of $43.9 billion

The ranking for auditors was unchanged this year, as has been the case for a number of years, says Monterey Insight. PwC maintains its leading position auditing 355 funds and sub-funds, ahead of KPMG with 261 funds and sub-funds and EY ranked in third position.[PARA]

The positions in the ranking table are reversed for the auditors ranking by assets: KPMG leads with $132.9 billion followed by PwC in second position with $111.0 billion and Deloitte is in third position.

Among legal advisors, the ranking remains the same as last year, Carey Olsen keeps its lead offering legal advice to 798 funds, followed in second place by Mourant with 157 funds and Ogier in third position.

On the market share ranking of assets, Carey Olsen also takes the top spot with $307.0 billion ahead of Mourant.

Among fund managers, the largest promoter/initiator of funds serviced in Guernsey is Apax Partners with $37.2 billion. Cinven climbed to the second position with $26.3 billion, followed by Permira $19.9 billion.

Although overall the number of group and funds slightly decrease, 94 funds and sub-funds domiciled in Guernsey were launched during the year accounting for $26.3 billion in assets. Of these products, 49 sub-funds were private equity/venture capital with a total net asset of $17.3 billion representing 65.8 percent in assets of the newly launched product.

Overall (for domiciled and non-domiciled funds), the most popular product remained private equities funds accounting for $242.3 billion followed in second position by infrastructure funds with $43.5 billion. This brings the total for private equity schemes (including infrastructure) to $285.8 billion which represents a 10.3 percent increase compared with 2018.