All new issue investment companies domiciled offshore in 2007

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Every investment company was domiciled in Jersey or Guernsey in 2007 rather than...

Every investment company was domiciled in Jersey or Guernsey in 2007 rather than in the UK. A total of 19 new trusts came to the market this year, raising £4.5bn and for the first time all were domiciled overseas. The £4.5bn figure dwarfs the £2.7bn raised in 2006. Around a quarter of new issues came from the hedge fund sector with the biggest issue AIC Director General Daniel Godfrey said it was an eventful year with a high level of new money coming into the sector. “It has been a turbulent year for equities and discounts have widened from 4.7%a year ago to an average of 9.7% at 30 No...

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