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...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes