All new issue investment companies domiciled offshore in 2007

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...