P12 | JERSEY FINANCE ANNUAL REVIEW 2015
Funds The total net asset value of Jersey funds rose by more than £13bn in 2015 to the end of September, reaching almost £219bn.
JERSEY
Jersey Finance has focused on attracting new funds and fund managers to the Island, marketing Jersey to a long list of contacts as an attractive relocation destination. Notable successes in 2015 were the arrival in Jersey of BlueCrest Capital Management, followed by the arrival of TORA, a technology and financial services company which focuses on investment management. Founded in 2004, TORA already has offices in Singapore, Tokyo, Sydney and San Francisco as well as a development centre in Romania. It has developed a strong international institutional client base and is establishing its presence in Jersey to build its European business. Initially, it will offer a range of specialist software solutions to asset managers, hedge funds and brokerage houses, including an order and execution management system and a portfolio and risk management system. We continued to invest in raising the Island’s profile in the sector through a variety of events during 2015, including our flagship Annual Funds Conference in London in March, with a record 549 people registering to attend. Entitled ‘Winning Moves’, it was introduced by broadcaster Jeremy Paxman and highlighted the opportunities offered by the Island to fund managers keen to expand in new asset classes. Furthermore, we staged two funds seminars in Switzerland for the first time, highlighting the opportunities Jersey can offer Swiss-based managers. We also hosted roundtable events with
2015 Funds in numbers
key publications such as Real Deals, and sponsored events which included two with SuperReturn, and others with the HedgeFund Intelligence European Summit, PERE and the Managed Funds Association Global Summit. In October, Jersey received recognition for the quality of its expertise, regulation and international offering by retaining its title as ‘Best International Finance Centre’ for the third consecutive year at the Investment Week Fund Services Awards.
£218.8 Billion Net Asset Value