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The funds story keeps rolling on The Channel Islands’ funds industries have been through the mill with the rest of the world in recent years. But as this special funds edition shows, the way forward is becoming clearer
A
t the beginning of October, businesslife.co held its annual funds forum in Jersey. Based on previous years, we expected a good turnout and an interesting, thought-provoking day – and we certainly weren’t disappointed. Because the funds industry is such a huge part of financial services in the Channel Islands, it’s easy to become a little matter-of-fact about funds in general. But the packed house of senior industry figures and an array of lively sessions clearly showed funds are anything but mundane, and that there’s a great deal going on in the industry at the moment, both locally and internationally. This is something very much in evidence in this special funds issue. A couple of months ago, when we were deciding what subjects to cover, we reached a point where it became more about what we were going to have to leave out, rather than struggling to find stuff to put in. From the Alternative Investment Fund Managers Directive (AIFMD) and private equity right through to competitive
jurisdictions and hedge funds, we found ourselves with an embarrassment of riches. Funds have been undergoing a transition in recent years – partly because of legislative changes emerging out of the UK, Europe and the US, but also because finance on the global stage is still recovering from the crisis that hit just six years ago. As a result, the funds industry is still trying to settle itself. That process is likely to take some time, not least because some regulation is still being rolled out and the effects will take years to truly be realised. But things are becoming clearer. From an industry perspective, there are challenges that need to be met, as well as opportunities that must be grabbed with both hands. From our point of view, it means there’s no shortage of material to write about – and you can be sure that with 2015 just around the corner, funds are going to remain high on the agenda for some time to come. n The businesslife.co team
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To get involved contact Carl Methven +44 (0) 1534 615886 +44 (0) 7797 796377 and carl.methven@businesslife.co November/December 2014 businesslife.co 3