Regulator’s clarification on Guernsey private funds will fuel growth

Clarification to managers’ responsibilities when setting up Private Investment Funds in Guernsey is likely to build on the growing traction of the product, says Ogier Group Partner Craig Cordle. The PIF regime is less than 18 months old, but the Guernsey Financial Services Commission has moved to clarify a requirement for managers to provide a […]

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GIFA welcomes three new members

Joanne Peacegood, Secretary of GIFA, welcomes aboard three new Members: Ravenscroft Limited, Stonewood Investment Management and SS & C Guernsey Limited. Joanne said, “GIFA continues to focus on it’s members best interests. The Executive Committee, supported by 8 sub-committees, continue to volunteer their time to focus on topical items. We are delighted that GIFA continues […]

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GIFA Annual Dinner 2018 a huge success.

Paul Smith, Chairman of GIFA, was delighted to welcome over 450 guests to the 2018 GIFA Annual Dinner held on 3rd March.  In his welcome speech to the guests he presented a positive outlook for the Guernsey funds industry, which had shown sustained growth for over two years.  He also added some words of caution […]

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Guernsey sees three straight years of funds growth

The total value of funds business in Guernsey has risen again after figures from the Guernsey Financial Services Commission confirmed a growth of £1 billion in the three months to the end of 2017. The latest figure of £270 billion also represents an increase of approximately £14 billion (5.6%) over the previous 12 months and […]

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Guernsey Regulation Ideal For South African Investment Vehicle

PRAXIS Fund Services Limited (PFS) has supported one of its long-established clients through a second successful rollover and fund-raising. The Guernsey-registered Closed-Ended Investment Company, Asia Pacific Basket Limited (APBL), raised USD109m through a combination of existing and new investors and offers exposure to a basket of major international indices while offering principal protection. APBL raised […]

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