Guernsey is a leading funds domicile with more than 50 years’ experience in the formation, administration and cross-border distribution of investment funds. At the end of September 2016 the overall value of institutional and retail funds under management and administration in Guernsey stood at £249.4bn.
A wide variety of open-ended funds and closed-ended funds are structured through Guernsey across a range of asset classes, including alternatives such as private equity, venture capital, real estate, infrastructure, debt, hedge funds and fund of funds.
A jurisdiction of substance
The expertise gained over more than 50 years makes Guernsey a particularly attractive location for investment funds and a jurisdiction where promoters can achieve true substance.
With more than 50 fund providers including experienced fund managers, administrators and custodians, as well as excellent legal and fund accounting services, Guernsey boasts a deep pool of dedicated fund specialists.
There is also a plentiful supply of independent non-executive directors who ensure Guernsey maintains its reputation for high standards of corporate governance.
Access to investors
Guernsey offers fund managers and promoters excellent market access, with funds being promoted or sponsored in more than 55 jurisdictions across the world. The island is also well placed under the Alternative Investment Fund Managers Directive (AIFMD). In July 2016, the European Securities and Markets Authority (ESMA) announced its recommendation to grant Guernsey a third country passport. Guernsey is one of only five non-EU jurisdictions to be given the ‘unqualified and positive assessment’ by ESMA. The recommendation, once approved by the relevant European authorities, will further enhance Guernsey's position to distribute funds into Europe.
More information is available from our AIFMD section.
Talk to us about stock exchange listings
Guernsey is the global leader for listings on the London Stock Exchange (LSE) and Guernsey companies can also be found on international stock exchanges including the New York, Toronto, Australian, Hong Kong and Euronext stock exchanges.
Our LSE listings brochure illustrates how Guernsey is the global leader for the number of non-UK entities listed on the LSE.
More information is available from our stock exchange listings section.
A regulator you can work with
Guernsey has a legal and regulatory framework that strikes the right balance to facilitate global business. It offers sufficient flexibility for fund managers to realise their goals in a straightforward way while also providing the stability and investor protection through the implementation of corporate governance.
The GFSC have consistently delivered a timely service to my clients and a commercial approach to regulation over many years. They understand that "time is of the essence". It is for that reason that I recommend Guernsey as the location of choice for non-EU fund managers.
Jason Glover, Simpson Thacher & Bartlett LLP
Route for investment into the UK and Europe
A report by KPMG into the economic benefits the Guernsey investment funds industry provides to the UK and Europe showed that Guernsey was a conduit for £25bn of overseas investment into the UK from global investors and a further £71bn of investment into Europe, of which £51bn is from global investors.
A condensed version of the 'International capital flows' report is available here.