Guernsey is once again the market leader for the number of companies listed on the markets of the London Stock Exchange (LSE).

According to GuernseyFinance Guernsey’s total listings have reached almost double that of competitor jurisdictions Jersey, Isle of Man and the Cayman Islands (as at 31 December 2010). Guernsey’s listings total 106 with the nearest competitor having 66.

The results were announced alongside the news that Guernsey’s fund industry has reached a record high with the net asset value of investment funds under management and administration at £257.4bn – a growth of 5.9% in Q4 of 2010.

Ben Morgan

Carey Olsen corporate partner Ben Morgan said: “These results show that Guernsey continues to be the jurisdiction of choice for promoters and organisations looking to list vehicles on the LSE and reflect a general upsurge in the number of funds wishing to establish a foothold in Guernsey. I am confident that Guernsey’s robust and pragmatic regulatory regime, innovative investment structuring and our long-standing expertise in this area have contributed to the island’s stronger growth relative to competitor jurisdictions.

This positive outlook for Guernsey’s funds industry will be high on the agenda at the upcoming Guernsey Funds Forum which is being held at the Grange St Paul’s Hotel in London on 11 May.  A recent survey published by Private Equity News and State Street stated that more than three-fifths (60%) of respondents said that they preferred to use Guernsey for private equity administration, more than all competitor jurisdictions put together.

Peter Niven, chief executive of GuernseyFinance, said: “These figures are extremely positive news for Guernsey’s fund industry. In particular, the recent survey of chief financial officers highlights our continued position as the leading jurisdiction for private equity fund administration. We have built a strong reputation in this asset class during the last decade and this is yet further evidence of the value placed on our experience and expertise, which is unrivalled among European fund centres.”

To review the documents further please visit the Guernsey Finance website www.guernseyfinance.com

Fund industry moves past billion mark
LSE Listings
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