Increasing Fund Managers Choosing Jersey Private Placement Regime

Feb 15 2018 | 1:24pm ET

A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs), according to the latest figures from Jersey’s regulator the Jersey Financial Services Commission (JFSC).

As of December 2017, 149 alternative investment fund managers (AIFMs) had been authorized in Jersey to market into Europe through NPPRs, up 17% compared to December 2016.This indicates that the use of private placement continues to work well as a means of marketing funds into the EU.

Over the same period, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased significantly to 291, representing a 15% year-on-year increase.

In addition, the JFSC has now authorized a total of 31 depositaries in Jersey under Alternative Investment Fund Managers Directive (AIFMD), a figure that has risen 7% over the year.

“Five years on since AIFMD was introduced, it’s a route that is proven to work, providing alternative managers with a clear, effective and future-proof means of accessing EU investor capital,” Geoff Cook, CEO of Jersey Finance, said in a statement.

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