Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Guernsey flag

29269

Carey Olsen is top adviser for investment funds in Guernsey

RELATED TOPICS​

Carey Olsen continues to be the leading legal adviser to Guernsey’s investment funds industry, according to the latest findings by Monterey Insight – an independent fund industry research group.

The 24th edition of the annual Guernsey Fund Report, which provides a comprehensive analysis of all funds serviced in Guernsey and their primary service provider, revealed that Carey Olsen was instructed on 70 per cent of all new investment funds business for Guernsey law firms between 1 July 2017 and 30 June 2018.
 
In total, the firm provided legal advice to 750 Guernsey regulated investment funds at the end of June 2018. Of those 750 funds, 637 were Guernsey domiciled schemes which represents 81.9 per cent of the entire Guernsey market by AUM and an increase of USD15.4 billion (6.5 per cent) over the year to USD252.9 billion. Carey Olsen’s nearest competitor advised 121 Guernsey domiciled schemes.
 
Overall, Monterey Insight found that the number of serviced schemes in Guernsey had increased from 1,018 to 1,077 for the year to the end of June 2018. The value of fund assets serviced in Guernsey now stands at USD399.3 billion.
 
Ben Morgan, partner and head of Carey Olsen’s corporate and finance group in Guernsey, said the research findings highlighted the firm’s position as the go-to legal adviser for fund promoters establishing investment funds in Guernsey.
 
“An increase in AUM and the number of funds in Guernsey shows that the funds sector remains extremely buoyant, while the introduction of regimes such as the Guernsey Private Investment Fund, which has been particularly well received since its launch two years ago, and the Guernsey Green Fund, introduced earlier this year as the world’s first regulated green fund product, shows that Guernsey continues to innovate in order to stay ahead of the pack jurisdictionally,” says Morgan.
 
“As a firm, Carey Olsen has once again increased its share of the investment funds market and this is a credit to the strength, size and knowledge of our team which ensures that we can deliver the high quality of service which our clients expect of us.”
 
The Monterey Insight survey is further good news for Carey Olsen’s corporate team as it follows confirmation earlier this year that the firm now advises 100 London Stock Exchange listed clients – more than double the number of its nearest offshore competitor (Corporate Advisers Rankings Guide).

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by