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Carey Olsen recognised in investment funds industry

Carey Olsen recognised in investment funds industry

Monday 20 January 2020

Carey Olsen recognised in investment funds industry

Carey Olsen has cemented its position as the number one legal adviser to the investment funds industry in Guernsey, according to the latest findings of Monterey Insight.

The Guernsey Fund Report provides a comprehensive analysis of the performance of all funds serviced in the island and their primary service providers.

The 25th annual edition reports that, for the year ending 30 June 2019, Carey Olsen provided legal advice to 798 Guernsey regulated investment funds - up from 750 a year previously.

Of those funds, 675 were Guernsey domiciled schemes, which represents 82.4% of the entire Guernsey market by AUM and an increase of US$17.2billion over the year to US$270.1bn.

Overall, Monterey Insight found the total value of fund assets serviced in Guernsey increased to US$412bn at the end of June - up 3.2% compared to 2018.

"The year-on-year growth in AUM shows the continued attractiveness of the jurisdiction as a specialist funds centre, which is evidences by the surge in new Fund Managers coming to Guernsey and a bumper year for private equity fundraising among the larger Fund Managers who already use Guernsey," said Partner and Head of Carey Olsen's Corporate and Finance Group in Guernsey, Ben Morgan.

"As a firm, Carey Olsen is delighted to have once again retained our position as the leading legal adviser of Guernsey services funds, increasing our market share both by total number of funds and total assets. The results are a credit to our team's high level of expertise, experience and dedication."

Pictured top: Ben Morgan.

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