Assets rose from $232bn to $277.8bn during the period – marking the first increase since 2008, when assets hit their previous high of $270.3bn.
Growth came primarily from private equity and real estate, the report found. Private equity funds account for some $54.7bn of Jersey-domiciled assets, with property funds on $45.1bn. Exchange traded funds also form a significant share, with provider ETF Securities alone accounting for $25.6bn.
The number of funds and sub-funds serviced in Jersey stands at 1,486, Lipper said, of which 1,157 are domiciled there. The largest fund servicing company operating on the island is State Street, with Bedell Fund Services and R&H Fund Services in second and third places.
Administrator | Net assets ($bn) |
State Street | 77.8 |
Bedell Fund Services | 28.5 |
R&H Fund Services | 28.4 |
Aztec Group | 20.2 |
Saltgate | 18.6 |
The report also found that PricewaterhouseCoopers, Mourant Ozannes and BNP Paribas are respectively the biggest auditor, legal adviser and custodian companies for funds in Jersey.