Jersey Fund Encyclopaedia 2007/8
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Lipper Fitzrovia's thirteenth annual "Jersey Fund Encyclopaedia" reveals key data on funds and on the market shares of fund administration and custody service providers.
INTRODUCTION
The research shows that total net assets have grown to US$ 225.9 billion (GBP 112.5 billion), an increase of nearly 150 percent over five years. The number of funds and sub-funds serviced in Jersey (both domiciled and non-domiciled) has grown to 1367.
Looking solely at funds domiciled on the Island, the largest asset classes are property/real estate funds (with total net assets of US$ 69.4 billion, representing 41% of the total for domiciled funds' assets) and private equity/venture capital funds (US$ 33.0 billion).
The largest administrator of all funds serviced on the Island is Mourant International Finance Administration, with US$ 74.5 billion assets under administration.
BNP Paribas' acquisition of The Royal Bank of Scotland International has helped in securing its lead position in terms of assets under custody in Jersey, servicing US$ 45.3 billion of assets.
Among professional firms, PricewaterhouseCoopers (PwC) is the largest auditor (661 funds). Mourant du Feu & Jeune is the largest legal adviser (873 funds).
RESULTS
Custodians and fund administrators with the greatest market share by fund assets serviced in Jersey as at 30 June 2007 are shown in the tables below.
Custodians
RANKING BY FUND ASSETS
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2008
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US$ billion
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1
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45.3
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2
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14.2
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3
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9.8
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4
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RBC Dexia Investor Services |
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9.4
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5
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8.5
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Fund Administrators
RANKING BY FUND ASSETS
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2008
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US$ billion
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1
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74.5
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2
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26.0
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3
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15.4
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4
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12.8
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5
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Ogier Fund Administration |
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12.2
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United States
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