Guernsey funds offer UK-domiciled investors the opportunity to invest in assets they could not normally buy and help them manage taxes including income and capital gains
Funds under management and administration in Guernsey reached a record high of nearly £115bn by June this year, a growth of 40% year on year, and a number of fund managers, particularly in the alternative sector, have established a presence on the island. But while much of Guernsey's fund business growth has been institutional, there are exciting developments that will be of interest to financial intermediaries and UK retail investors. Retail Guernsey funds have traditionally been Guernsey Class A schemes, the equivalent of UK authorised funds. They are open-ended and able to be marketed ...
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